Hidden Pines
Distressed Sale Opportunity
Highlights
- Offering Price Determined by Market
- Number of Units 168 Units
- Rentable SF 151,200 SF
- Year Built / Renovated 1973 / 2019
- Average Unit Size 900 SF
- Acreage 7.9 Acres / 21.27 Units per Acre
- Hidden Pines is a 1973-built multifamily asset consisting of 168 units.
- Currently +/-70% occupied and in lender forbearance.
- Desirable construction elements include brick exteriors with cementitious plank siding accents, pitched roofs with architectural shingles, dual-pane vinyl replacement windows, exterior breezeways, and total electric utilities.
- Complete interior rehab featuring new Hotpoint kitchen appliances, new cabinets and countertops, subway tile backsplash (select units), new PEX plumbing with 30 gallon electric water heaters, new Goodman 410A air conditioning systems, and faux hardwood flooring.
- With most of the heavy lifting complete on the renovation, the property offers tremendous upside potential with light value-add improvements and new management.
- The property is located just inside I-285 on the west side of Atlanta, with easy access to I-285 and I-20, making it a convenient to employment centers in Downtown Atlanta, the Atlanta Airport and the Fulton Industrial Corridor.
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