Castle Creek Apartments

Property Fundamentals: Castle Creek, built in 1972, features spacious one-, two-, and three-bedroom units averaging 907 square feet, with full-size washer/dryer connections and fully electric systems. With limited competition in the immediate area and strong local demographics, Castle Creek presents an opportunity to increase resident spend share through enhanced amenities, upgraded units, and improved leasing efforts.

Significant Capital Infusion: Following an extended hold period, ownership has proactively invested $3 Million ($11,000/unit) in capital improvements since 2023 including new roofs and gutters, windows, camera systems, HVAC systems, water heaters, upgraded exteriors, and interior renovations.

Compelling Scale & Attractive Basis: With 280 units, Castle Creek offers meaningful operational scale in an immediate location with limited competition. The asset is being offered at a compelling basis relative to recent South Atlanta multifamily sales, presenting a strong value proposition for investors seeking upside through lease-up and management efficiency.

Rent-to-Income Ratio: With in-place rents averaging $1,150, residents are allocating just 18% of their average monthly household income within a three-mile radius—highlighting significant headroom for future rent growth while maintaining affordability.

Legislative and Legal Reform: Recent state and county legislation has created a more favorable environment for property owners, streamlining operations and enhancing legal protections. Senate Bill 68, recently passed in Georgia, reforms the civil litigation process by limiting excessive lawsuits and damage awards.

Prime Connectivity: Ideally positioned along Clifton Springs Road, Castle Creek is just 1.5 miles from two I-285 interchanges, providing seamless access to I-675, I-75, and I-20. This connectivity supports efficient commutes to major employment centers across the Atlanta metro.