Stonebrook Apartments
College Park, GA
Highlights
- Stonebrook is a 1988-built Cardinal-style multifamily asset consisting of 170 units.
- The property features a mix of one-, two-, three-, and four-bedroom units.
- Low-cost provider in the market attracts elderly residents with a below-market turnover rate.
- Smaller unit sizes provide efficiencies in expenses and higher rent per square foot.
- The subject is located on Norman Drive between W. Fayetteville Road (18,158 vehicles per day) and Riverdale Road (35,537 v.p.d.) providing residents quick access to I-285 (171,937 v.p.d.), which facilitates quick commutes to major metro employers.
- The subject is within close proximity to Chick-fil-A Headquarters, Airport, Cinema South Studios.
- Water Supply Lines have been replaced with durable, corrosion resistant pex piping Roughly 64 units were lightly updated between 2022 & 2023. Current leases reflect classic units and can be increased by continuing interior upgrades
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