THE PARK AT GREENBRIAR
209 UNITS | ATLANTA, GEORGIA
SOLD
The Park at Greenbriar is a 209 unit residential community built in 1971. The property is made up of two and three bedroom apartments and townhouses. Its residents enjoy a community center, a fitness center and a large swimming pool onsite. With unit sizes averaging over 1000 ft., it has a clear advantage over local competitors. Moreover, it benefits from a capital infusion of over two million dollars by the previous owners. This financial heavy-lifting left us with a well-positioned and well-maintained property with multiple channels of upside potential. More disciplined management in conjunction with a water-saving plan will add even more of the organic rent increase that can be achieved on day one to match its competitors.
The property is well positioned near shopping and is four miles from the area’s biggest employer, Hartfield Jackson Airport, the busiest airport in the world. The property is well served with a Kroger-anchored shopping center next door and the Macy’s-anchored Greenbriar Mall across the street and is within walking distance from the new Tyler Perry Studios. There is public transport right outside the property and quick access to I-285, the Interstate Highway loop encircling Atlanta.
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