| For Sale
| 252,000 sqft
Brown Realty Advisors is pleased to offer for sale Wildcreek Apartments.
A Call for Offers date has been set for March 29, 2012 at 5:00 P.M. (EST)
Subject Property Wildcreek Apartments
Address 100 Wild Circle, Clarkston, GA 30021
Offering Price $12,000,000
Rentable Square Feet 250,200 S.F.
Average Unit Size 1,034 S.F.
Year Built 1988
No. Buildings 19
Acreage 22.5 Acres
STABILIZED REO, CLASS B ASSET WITH LATE 80?s CONSTRUCTION
Wildcreek was constructed in 1988 and has been well maintained making it one of the youngest multifamily assets in the area. The property is currently 94% occupied and is achieving higher effective rents that other B Properties in the East DeKalb market.
This quality asset features 242 garden-style residential units and boasts a complete set of community amenities including tennis courts, swimming pool with waterfall, controlled access gates, whirlpool spa, and clubhouse/leasing office.
Wildcreek offers spacious one and two-bedroom floorplans averaging 1,034 square feet. Units are appointed with walk-in closets, a private balcony, laundry rooms with full-size washer/dryer connections, and wood-burning fireplace in select units.
An estimated $400,000 has been invested in the last two years to address deferred maintenance and execute exterior and interior improvements.
HIGHLY ACCESSIBLE, ?CLOSE-IN? LOCATION
Wildcreek is strategically situated off East Ponce de Leon Avenue with excellent access to Highway 78 and Interstate 285, providing residents with convenient and quick commutes throughout the entire metropolitan area.
Wildcreek, located less than one-half mile outside Interstate 285, offers an affordable alternative to neighboring gentrified locations such as Emory, City of Decatur, and Tucker while still boasting a central location accessible to Atlanta?s largest employment and retail centers.
Price Per Sqft: $47.62
Listing ID: 259650
Listing URL: http://brownrealtyadvisors.listinglab.com/WildcreekApartments