Novo Avondale

Posted: 7/8/2020
374 Units
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About

About Novo Avondale

Offers Due:  Tuesday, August 11, 2020 Add to Calendar

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Novo Avondale apartment community, recently ranked among the top 250 properties in the nation by Apartment Ratings and Satisfacts. Situated in the rapidly expanding Uptown Decatur area of northeast Atlanta, this 374-unit asset is across the street from the Kensington MARTA Station, less than a mile from downtown Avondale Estates, and near Memorial Drive. Current ownership invested $15.5M in this 1972-vintage property for a modernization metamorphosis, during which the property was completely depopulated, then transformed with fully renovated exteriors, upscale interior renovations, and on-trend amenities. Now finishing lease-up, Novo Avondale offers a rare opportunity to invest in one of Atlanta's most sought-after neighborhoods, benefit from a 15-year tax abatement, and compete as a Class A value provider.

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