CENTRAL PARK APARTMENTS

2900 Camp Creek Pkwy, College Park, GA 30337
MARKET BID

Units
280
Gross SQFT
257,880
Year Built
1970
Property Type
Apartments

PROPERTY HIGHLIGHTS

  • 25% rental upside
  • Privately owned and operated for the past 12 years
  • Ability to bring 37 “down” units back online adding over $500,000 in gross potential rent
  • Attractive unit mix of spacious 1BR and 2BR units
  • Located in a designated opportunity zone
  • Only 5 minutes away from Camp Creek Marketplace which is home to dozens of national brand restaurants, retail and services
  • Zoning and in place utility connections that allow for an additional 153 units to be developed on the site
  • One of only a few properties in 2015 to qualify for a $10,000,000 grant through the “Noise Insulation Program” in which they replaced all roofs, gutters, windows and exterior doors
  • Located in what has been called “ATL Airport City” which is a 311 acre assemblage that is set to become the largest mixed-use development, master development ever constructed south of I 20 next to the busiest airport in the world

Broker of Record

  • Bill Pedersen
  • License No. 80041 (GA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203