1313 stone mill way
stone mountain | GA | 30083
276
Units
1972
Built
INVESTMENT HIGHLIGHTS
STABLE OWNERSHIP
The asset has been meticulously maintained by the current owner for the past four years.
EXTENSIVE CAPITAL IMPROVEMENT PROGRAM
More than $17,055 per unit has been invested by the current owner through 2025 to enhance rentability and curb appeal, including renovated interiors.
DELINQUENCY IMPROVEMENT FROM 2024 PEAK
Under new management, the property has achieved a substantial turnaround, reducing delinquency by approximately 63% from its March 2024 peak to December 2025.
OPPORTUNITY TO PUSH RENTS TO MARKET
In-Place Rent at Tucker Square significantly trail market rents at competing properties. There is a significant upside opportunity to be captured through new leases and renewals.
HIGHLY MARKETABLE UNIT MIX
Spacious one-, two-, three-, and four-bedroom floor plans averaging 1,091 square feet, with townhome units available.
RECENT LEASE TREND
Recent leases outpace in-place rents, representing $630K+ in year-one upside.
ATTRACTIVE DISCOUNT TO HOMEOWNERSHIP
The monthly mortgage payment, taxes, and insurance ($3,649) for the average home value in the area outpaces Tucker Square’s market rent ($1,429).
Property DeTAILS
- TYPE
- UNITS
- YEAR BUILT
BUILDING/LAND
- OCCUPANCY
- # OF STORIES
- # OF BUILDINGS
- ACREAGE
- DENSITY
- TOTAL RENTABLE SF
- AVG. UNIT SF
- EXTERIOR
- ROOF
- PARKING
METERING & FEES
- ELECTRIC
- GAS
- WATER
- PLUMBING
- PEST CONTROL
Amenities
Unit Amenities
- WASHER/DRYER CONNECTIONS
- RENOVATED CHEF’S KITCHEN
- STAINLESS STEEL APPLIANCES*
- PLANK, WOOD-ST YLE FLOORING
- UPGRADED LIGHTING
- SPACIOUS BEDROOM & LIVING AREA
- PRIVATE BALCONY OR PATIO
* Select Units
Community Amenities
- SWIMMING POOL
- BUSINESS CENTER
- COMMUNITY CLUBHOUSE
- FITNESS CENTER
- PLAYGROUND
- LAUNDRY FACILITIES
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
Judy MacManus (LEAD)
Managing Director
404.654.2074
[email protected]
Andrew Mays
Senior Managing Director
404.445.1067
[email protected]
GA #238374
Paul Vetter
Senior Managing Director
404.445.1068
[email protected]
GA #261596
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]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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