Amber Grove at Olley Creek

About Amber Grove at Olley Creek

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Amber Grove apartment community located in Marietta, GA. This asset is situated in the burgeoning suburbs of Cobb County with 3.8M SF of new developments under construction and 20% year-over-year multifamily rent growth. Current ownership has spent $3.8M on capital improvements at Amber Grove and renovated about 50% of units. A new owner can generate upside by renovating the remaining 167 units. Additionally, Amber Grove has a favorable tax advantage with frozen taxes over the next two years. Built in 1973, Amber Grove represents an outstanding opportunity to invest in a value-add asset with large floor plans and low density in the highly sought-after Cobb County.