3593 Woodbriar CirTucker, GA 30084

This exceptional multifamily investment opportunity presents the Northlake Manor Condominiums, a 47-unit apartment complex situated on a 5.34-acre lot in Tucker, Georgia. Built in 1975, the property boasts a total of 46,213 square feet across nine, two-story buildings, offering a mix of unit sizes and layouts. The unit mix includes twelve one-bedroom/one-bathroom, seventeen two-bedroom/two-bathroom, and eighteen three-bedroom/two-bathroom apartments, averaging 983 square feet each. Currently, the average rent is $1,330 per unit, while market average rents stand at $1,414, suggesting significant upside potential. Twenty-four units have undergone recent renovations, featuring granite countertops, LTV flooring, upgraded fixtures (including soft-close cabinets), stainless steel appliances (stove, microwave, dishwasher, and refrigerator), and central HVAC systems. All units include ample closet space, walk-in pantries, cable readiness, and private outside patio porches or balconies. The property's density is nine units per acre, and utilities are included in the HOA fees. The asking price is $6,525,000, representing a price per unit of $138,830 and a cap rate of 7.18%. This well-located property offers a compelling investment opportunity with strong potential for future growth and returns. The property is comprised of multiple APNs.