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Amber Grove at Olley Creek

Posted: 3/22/2022
360 Units
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Under LOI
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Amber Grove at Olley Creek
Under LOI
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Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek
Under LOI
Slideshow Image
Amber Grove at Olley Creek

About

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.

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