3028 chamblee tucker road
chamblee | GA | 30341
181
Units
1970
Built
INVESTMENT HIGHLIGHTS
Robust Renter Demographics:
Market boasts average HHI of $125,285 and average home value of $558,933, including 63% of population within 3 miles holding white-collar employment positions.
Substantial Capital Infusion:
$5,934,259 ($32,786/unit) total invested in asset preservation, curb appeal, and resident experience.
Proven Value-Add:
Opportunity to renovate 25 classic units and 106 partially renovated units to premium level and achieve $145+ premiums.
Opportunity to Push Rent to Market:
Competitors’ rents outpace subject’s market rents by $101.
Ideal Unit Mix:
The Heights at Chamblee offers an ideal unit mix of one and two-bedroom floorplans with an average unit size of 1,219 square feet.
Wallet Share:
Current in-place rents ($1,540) account for only 14.78% of monthly AHI within a three-mile radius of subject.
Surging Homeownership Costs:
The Chamblee submarket is experiencing increasingly unattainable homeownership costs, with the average mortgage payment reaching $4,055. The subject property, priced at $1,582, offers a compelling 65% discount to homeownership.
Property Description
- Type
- Units
- Year Built
- Renovated
Building / Land
- Occupancy
- # of Stories
- # of Buildings
- Acreage
- Density
- Tot. Rentable SF
- Avg. Unit SF
- Exterior
- Roof
- Parking
Metering & Fees
- Electric Individual
- Gas
- Water
- Domestic Hot Water
Location
Photo Gallery
Contact Us
Berkadia Atlanta
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
T: 404.445.2600 | F: 404.445.1065
Investment Sales
Paul Vetter
Senior Managing Director
404.445.1068
[email protected]
GA #261596
Andrew Mays
Senior Managing Director
404.445.1067
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GA #238374
Judy MacManus
Managing Director
404.654.2074
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GA #262140
Matt White
Managing Director
404.445.1070
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GA #348245
Scott Bray
Managing Director
678.388.2507
[email protected]
GA #436413
Mortgage Banking
Richard Levine
Senior Managing Director
404.654.2590
[email protected]
John Bray
Senior Managing Director
404.654.2595
[email protected]
Josh Finley
Managing Director
404.654.2594
[email protected]
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