The Park At 4690

• 100 Units, Built in 1973
• Unit mix comprised of one- and two-bedroom floor plans, including (34) 660 SF one-bedroom flats, (34) 710 SF 1 bed loft, and (32) 1,015 SF two-bedroom flat units.
• Gross Building Square Footage: ±79,060 SF
• Average Unit Size: ±791 SF
• Approximately 73% of units are renovated, with the remaining 27% units in classical condition offering clear value-add potential.
• Current Occupancy: 99%
• Current Average Rent: $820 | Market Average Rent: $870
• Situated on ±8.84 acres with a density of approximately 11.3 units per acre
• Low-rise, garden-style multifamily community
• No Section 8 tenants
• On-Site Laundry Facility in Building 507 and operated by CSC. W/D Connections available in the 2-bedroom units only. No Appliances provided.
• Roofs: Flat TPO approximately 15 years old (30-year lifespan). Significant Roof maintenance has been completed in the past 3 years.
• No Central HVAC, individual forced-air system with a closet-mounted electrical furnace/blower and an exterior pad-mounted condensing unit.
• Each Unit has its own individual Electric water heater (30-40 gallons). Water heaters were replaced as part of the capital improvements since October 2022.
• No Gas. All Electric. Individually Metered. Tenants pay direct to Georgia Power.
• Copper wiring
• Plumbing is a mix of PVC, Cast Iron, and Copper. No Polybutylene.

Utilities

• Water/Sewer: $30/month (RUBS, flat rate) — Master Metered.
• Trash: $10/month (flat fee)
• Pest Control: $5/month (flat fee)
• Electricity (heat, A/C, water heating): Billed direct to tenants by Georgia Power — Individually Metered.
• Cable/Internet (Cox): Revenue share arrangement — not charged to tenants