Park 35

Posted: 9/11/2019
304 Units
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Park 35

About

About Park 35

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Park 35, a 304-unit multifamily asset located in the dynamic Decatur market. The property was built in multiple phases in 1965, 1973, and 2000, and has been well-maintained since the complete property renovation that occurred in 2000, which included the replacement of all roofs, windows, mechanicals, appliances, cabinets, countertops, and flooring in the original 1965 and 1973 phases. Current ownership has spent $1.8M+ in capital since acquisition in 2016; however, 100% of the unit interiors and the amenity package remain "untouched" from a value-add perspective since the 2000 renovation. Therefore, Park 35 represents a rare opportunity for an investor to purchase a well-located, quality asset with substantial value-add upside.