Creekside Apartments | 3000 Ember Dr
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Creekside Apartments 3000 Ember Dr
276 Unit Block of Flats For Sale Decatur, GA 30034
Investment Highlights
- Recently Renovated Multi-Family Property with Large Spacious Floor Plans
- Significant Value-Add Opportunities to Increase Property Value
- Features Premium Amenities Including Sports Courts and Pool
Executive Summary
Marcus & Millichap is pleased to present for sale a multifamily property located at 3000 Ember Drive in Decatur, Georgia. This property offers units with generous living spaces that have been upgraded with newer HVAC, plumbing, and electrical systems. Despite these recent improvements, there remains significant value-add potential. Implementing a lease-up strategy which includes turning several vacant units and aggressively marketing the vacant units will stabilize the complex. Strategic enhancements, such as installing smart home technology, completing the shared laundry facilities, and bringing the pool back online would further increase rental rates and boost overall property value. Additionally, implementing controlled entrance access would enhance security, making the property even more attractive to potential renters and elevating its status as a premium rental option.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 21.59 AC |
| No. Units | 276 | Building Size | 288,750 SF |
| Property Type | Residential | Average Occupancy | 45% |
| Property Subtype | Apartment | Number of Floors | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2019 |
| Building Class | F | Parking Ratio | 0.96/1,000 SF |
| Sale Type | Investment |
| No. Units | 276 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 21.59 AC |
| Building Size | 288,750 SF |
| Average Occupancy | 45% |
| Number of Floors | 3 |
| Year Built/Renovated | 1972/2019 |
| Parking Ratio | 0.96/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Playground
- Pool
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 55 | - | 650 |
| 2+1 | 83 | - | 858 |
| 2+2 | 68 | - | 870 |
| 3+2 | 70 | - | 1,102 |
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PROPERTY TAXES
| Parcel Number | 15-121-02-002 | Total Assessment | £5,458,598 (2023) |
| Land Assessment | £557,563 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £4,901,035 (2023) | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
15-121-02-002
Land Assessment
£557,563 (2023)
Improvements Assessment
£4,901,035 (2023)
Total Assessment
£5,458,598 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025 Payable 2026
zoning
| Zoning Code | RM 85 (Residential) |
| RM 85 (Residential) |
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Creekside Apartments | 3000 Ember Dr
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