Listings / HIDDEN COVE

HIDDEN COVE 1900 Stanton Delowe Road, Atlanta, GA 30344

Price $9,034,000

Cap Rate 7.25%

GRM 5.97

Price Per SF $65

Units 164

Price Per Unit $55,085

Gross Sq. Footage 139,000 SF

Year Built 1965/1998R

Status available

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Broker of Record
Kyle Matthews
License No. 67120 (GA)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
3109195757

PROPERTY OPPORTUNITY

Conveniently located in the growing East Point suburb of Atlanta, the Hidden Cove Apartments have the potential to be a generational asset for a new investor. The property is located just 10 minutes from downtown Atlanta and Hartsfield-Jackson Airport with easy access to I-85, I-75 and I-285. Alfred Tup Holmes Golf Course is just a mile away as well as historic Fort McPherson, which will be the location of a $600 million redevelopment project bringing restaurants, retail, and more than 2,000 housing units.

This property provides one of the few last true-value add opportunities in Atlanta as the majority have been picked over in the recent years. There are 20 units that are down and currently unrentable in need of renovations as well as room to push rents with upgrades to the remaining operational units. These renovations paired with improved management would provide a tremendous return for any value-add investor.