The Arlowe

Offered Well Below Replacement Cost with Immediate Value: The Arlowe presents a rare opportunity to acquire a modernized townhome community below both replacement cost and its previous sale price, offering downside protection and significant value-add potential.

Over $4 Million Invested – Major Renovations Completed: Approximately $4.2 million has been invested in comprehensive exterior and system upgrades, along with modernizing 104 units (~70%) to an Elite finish level. Another 37 units have received recent updates, offering a clear path to unify finishes and boost market rents.

Attractive amenity Package and Strong Curb Appeal: A robust amenity package, including a clubhouse, pool, fitness center, pickleball court, and dog park, paired with thoughtful landscaping and architectural details, drives strong curb appeal and leasing momentum.

Limited Remaining Capital & Clear Operational Upside: With just 7 classic units remaining and physical occupancy near 88%, a new owner can unlock upside through lease-up and operational improvements, supported by proven rent premiums for renovated units.

Competes Well with Newer Product at Lower Rates: Renovated units achieve Class A–competitive rents while remaining a value option for residents, with limited new supply in Cobb County reinforcing long-term demand.

Desirable Townhome Layouts & Resident Appeal: Spacious townhome-style layouts provide greater privacy and livability than garden apartments, while in-unit laundry—available in most renovated homes—boosts retention and renter satisfaction.

Clear Path to Stabilization and Cash Flow: With the heavy lift complete, new ownership can focus on fully stabilizing occupancy, finalizing any remaining upgrades, and closing the mark-to-market rent gap. The result is a well-located, durable cash-flowing asset with attractive long-term fundamentals in a high-barrier submarket.