Spring Creek Apartments

*Tours are available, by appointment only, on the following dates. Please contact listing broker to schedule

• 4/14 & 4/15
• 4/21 & 4/22
• 4/28 & 4/29

Investment Highlights

• Massive Upside Potential on Exit: Spring Creek previously sold for $133,000/unit in August 2022
• 75% of Units are 2BR & 3BRs: Fits the average household size of local demographic
• Primed for Value-Add Upside: All 118 units are in near original condition with laminate countertops, white cabinets, and white appliances
• Large Units: Spring Creek averages 1,081 SF
• Nearby Communities Achieving Over $1,300/Unit: Multiple competitive communities are achieving average rents above $1,300/unit with minimal interior upgrades
• $101,200 Average Household Income: Within a 5-mile radius of the property
• Excellent Population Growth: Atlanta is projected to grow by nearly 1 million people by 2040
• Minimal New Supply: Within a 5-mile radius of the property. The lack of new supply will fuel rapid future Class B rent growth
• Immediate Access to I-285 and I-20: Easy commuter access to major employers in suburban and downtown Atlanta
• Proximate to Kensington MARTA Station: Spring Creek is less than 10 minutes away
• 10 Minutes from Downtown Decatur: Residents are close to unique amenities, restaurants, bars, and entertainment
• 15 Minutes from Downtown Atlanta: Atlanta is home to 16 Fortune 500 headquarters and a labor force of over 3.3 million people

  
Offering Summary

Colliers, in conjunction with RealINSIGHT Marketplace, are pleased to present for sale Spring Creek, a 118-unit garden-style multifamily community located in Decatur, Georgia. Currently unoccupied, new ownership has the unique ability to transform and reposition the property quickly and efficiently while capitalizing on strong submarket fundamentals (94.3% occupancy), minimal new supply, and excellent population growth in Atlanta.

Positioned just inside of I-285, residents have easy access major employers such as Delta World HQ (40,000 jobs), Emory Decatur Hospital/Emory University (33,500 jobs), and Hartsfield-Jackson International Airport (21,000 jobs).