Veracruz Apartments
Forest Park, GA
The Offering
Key Highlights
- Offering Price Determined by Market
- Number of Units 156 Units
- Year Built 1972
- Total Square Feet 156,900 SF
- Average Unit Size 1,006 SF per Unit
- Site Size/Density 13.99 Acres / 11.15 Units per Acre
- Number of Buildings 12 three-story residential buildings
Highlights
- Veracruz features 156 garden-style units with one- and two-bedroom floorplans averaging 1,006 square feet.
- Units are 100% classic, creating a value-add opportunity for a new investor.
- Consistent performer, averaging 97.85% occupancy over the last four years.
- Opportunity to decrease water expense with installation of low flow devices in all units.
- Just off major commercial artery Old Dixie Highway with quick access to I-75 and I-285.
- The asset is convenient to MARTA bus lines, one of which connects to Atlanta’s largest employment hub, Hartsfield Airport (three miles from subject).
- Just off major commercial artery Old Dixie Highway with quick access to I-75 and I-285.
- Located at center of economic revitalization zone bringing nearly 5,000 jobs, including Fort Gillem and Aerotropolis.
- Residents are less than two miles from Southlake Mall, a regional center offering more than one million square feet of retail space.
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