windrush apartments

BRIDGE RD
Y
FO
RD
BALL
HW
SUWANEE
M
KIM
DR
RD
23
GE
BARROW
COUNTY
RN
BU
McGINNIS FERRY RD
AU
IN
PO
H Y
RT PKW
NO
NORTH
POINT
MALL
BU
RD
HA
RE
CK
ALP
DSTO
TT
WOO
92
D
BUFOR
RD
D
NS
ER
PLAI
HOUZE RD
NDY
SA
windrush
apartments
RD
RID
SB
TE
STA
NE
ROSWELL
JO
ID
BR
MANSELL RD
RD
E
EVILL
RENC
Y
LAW
HW
EE
AN
SUW
GE
multi-family investment OpportunitY
RD
OLD
ALAB
AM
MEDLOC
K
BA
BR
MA
GE
RID
GE
DULUTH
RD
RD
SB
RD
317
EE
HTR
ID
TT
AC
PE
RLO
RD
RD
400
OM
B
BO
GA
ELL
ROSW
OLDA
LA
LC
AB
SU
O RD
A RD
OLD
WILLE
POST OAK TRITT RD
HO
HIL
LS
SH
OP
RD
AUBURN
OLD
ILLE
BRIDGE
RD
SV
RD
OS
CHATTAHOOCHEE
RIVER
NATIONAL
RECREATION
AREA
FO
UN
TA
IN
CR
9
AF
BU
FO
RD
BLVD
PEACHT
REE
SE
Windrush Apartments is located on
Kensington Road in the Decatur area
of east metro Atlanta, just south of the
Memorial Drive exit off I-285. This part
of Dekalb County has long been recognized as a desirable residential location
due to its superior access, abundant area
amenities, and competitive cost of living
compared to other parts of the city.
VE
R RD
ICANE
HURR
120
DISCOVER
MILL
DULUTH HWY
E
RE
DR
PE
ING
ITE
E PK
WY
NORCROSS
CH
TR
E
RD
N. PEACHTREE
N
R
TR
AIL
RD
M
ICKU
HWY
HW
Y
ILLE
NC
EV
RD
FORD
RE
LA
W
Y
N
Located just across I-285 from Windrush
is the Indian Creek MARTA station, providing bus and rail service to the entire
metro area. The Kensington MARTA station is also close by, a few blocks west
of both communities. By car, residents
of Windrush enjoy easy access to the
nearby Stone Mountain, Northeast, and
I-20 East employment centers which are
major hubs for distribution, manufacturing, and business park companies.
LA
VIST
A RD
ON
LE
DE
E
NC
DR
ORI
AL
PEAC
FAIR ST
STONE MOUNT
LITHONIA RDAIN
THE MALL
AT STONECREST
RD
EVAN
S
RD
Other significant Atlanta employers lo20
cated
only a few minutes away from
Windrush include various Dekalb County government agencies in downtown
Decatur, Fulton County government in
downtown Atlanta, and Delta Air Lines
and Hartsfield Jackson International Airport in East Point.
Y CH
SIGMAN
ALS
FLAT SHOY
PKW
WESLE
CONSTITUTION RD
INGH
AM
DR
NU
ERSVIL
NS
OW
BR
NG
HI
WAS
KLONDIKE RD
285
M
N RD
TO
CE
OP
AL
RD
AV
E
81
JOHN WILLIAMS HWY
NTR
LO
138
AVE
CONYERS
ARABIA
MOUNTAIN
STATE
PARK
PANTH
WILL
RD
MAIN
ST
METROPOLITAN PKWY
D
ER
RD
DEA
RD
NTA
BLV
N
ZIO
MT.
RO RD
JONESBO
HW
RID
KB
OC
ST
138
STOCKBRIDGE
Managing Director
42
20
Y
G PKW
LANDIN
RD
EAGLES
MA
JODECO
RD
jon.kleinberg@transwestern.net
IN
81
NEWTON
COUNTY
404.842.6510
36
RA
TA
ST
mike.mcgaughy@transwestern.net
D
BLV
54
162
NOAHS ARK RD
VE
TA
ES
RR
FO
85
RD
212
YE
RS
RD
LAKE
CO
N
FAYETTEVILLE
404.842.6506
JONESBORO
HILL
OAK HILL RD
155
Y
GE
STOCKBRIDGE RD
CLAYTON
COUNTY
DR
Mike McGaughy, CCIM
OAK
75
Managing Director
EAGLE
LA
AT
D
E.
RD
Jon Kleinberg
138
HWY
CH
Y
HW
G ST
T
OT
EC
OA
HILL RD
SON
JACK
SC
OLD NATIONAL HWY
ORO RD
ST
AG
SOUTHLAKE
MALL
UP
RIVERDALE
RD
Windrush Apartments is Exclusively Offered by:
MORROW
75
LE RD
ERDA
RIV
PER
RIN
BROWN BRIDGE
SH
AT
FL
VALLEY
RD
RD
ELL
CROW
BLVD
CLAYTON
STATE
UNIV.
MORROW RD
RD
COVINGTON
278
54
TARA
FAYETTEVILLE RD
ROCKDALE
COUNTY
FAIRVIEW RD
McDONOUGH HWY
RD
PANOLA
FOREST PKWY
19
RD
SALEM
ING
APF
RD
SN
EW
IRVI
20
138
FORT GILLEM
85
Y
STOCKBRIDGE HWY
FA
675
FOREST
PARK
RD
RD
YR
SM
RD
OV
PA
NO
L RD
NA
M
ILL
ALC
RD
NS
S MIL
E
AV
VAN
LS
OW
PANOLA
MOUNTAIN
CONSERVATION
PARK
FLAKE
ND
LA
CLARKLL
HOWEY
HW
SULLI
OA
N RD
BR
LA
MA
UR
TH
RE
MO
O RD
HERSCHEL RD
SBOR
HARTSFIELD-JACKSON
INTERNATIONAL
AIRPORT
N
JONE
WY
RD
ALMO
CAMP CREEKPK
E RD
W
AL
LR
CIRCL
RD
TEAD
RIVER RD
LE RD
HIL
ILL
N
CIAL
MILS
CLEVELAND AVE
BE
EY SO
RD
GER
PANOLA
FIN
RD
AP
RD
RD
ST
O
OR
SB
RCRE
NE
CLIFTON SPRING
S RD
29
JERS
C RD
20
SN
ULDE
JO
LANGFORD PKWY
Y
HW
HI RO
AV
E
BO
SYLVAN RD
LITHONIA
SOUTH
DEKALB
MALL
AVE
RD
155
MILL
ON
GH
OD
WO
KE
LA
GE
BORN
OAL
23
cD
OU
LEE ST
SH
APEL
ALL
ITEH
WH
HANK AARON DR
ST
METROPOLITAN PKWY
EA
VE
AD
SC
CA
PRYOR RD
M
E
ILL
NV
GA
LO
TURNER HILL RD
FLAT
CUSTER AVE
N RD
O
ELLT
MPB
20
S RD
UNIV AVE
AVON AVE
CA
WELL
COVINGTON HWY
McAFEE RD
IN
UNTA
E MO RD
STON HONIA
LIT
ELL
Y ST
MORELAND AVE
NN
GRANT
PARK /
ZOO
ATLANTA
BOULEVARD
DO
GEORGIA AVE
138
BRID
278
GLENWOOD AVE
WEST END MALL
ABERNATHY
BLVD
RD
RD
MEMORIAL DR
ST RD
E
DESHON
Windrush
ROCK
DR
ROCK CHAPEL RD
IA
PANOLA RD
MB
RD
RD
LIFF
IARC
BR
LB AV
DEKA
LU
81
HILL
ER RD
CENTURCH
CH
GEORGIA
STATE
UNIV.
MEM
REDAN RD
CO
HCRE
NORTHSIDE DR
LLEG
CO
E
AV
DEKALB
COUNTY
HAIRSTON RD
JOSEPH LOWERY BLVD
ND
HLA
HIG
2ND AVE
CHAPPELL RD
MLK JR DR
ATLANTA
UNIVERSITY
CENTER
E
E AV
M
DO
FREE WY
PK
AVONDALE
ESTATES
K DR
N
TO
MIL
DR
ES
LM
HO
HA
MLK JR DR
DECATUR
T
DRUID
HILLS
PONCE DE LEON
NORTH AVE
SIMPSON ST
E RD
ROCKBRIDG
WALTON
COUNTY
VE
OAK GROVE RD
PO
DM
PIE
E DR
MONRO
CHARLES ALLEN
Y
ARGONNE AVE
D HW
RD
CREE
GEORGIA
TECH
EA
CATU
R
CANDLER RD
PEACHTREE ST
NKH
N DE
D
BLV
OTT
Y
HW
ROCKBRIDGE RD
SC
IRM
RD ON
LE
VIL
LO
GEORGIA’S
STONE MOUTAIN
PARK
CLA
INDIAN
BA
RD
78
RD
RO
HW
OR
D
BU
F
D
TR
ON
L
WEL
HO ILL RD
M
RD
UR
AT
EC
ND
LOGANVILLE
TG
SHAL
LOW
RD
EE
PE
AC
HTR
ON PKWY
EMORY
UNIV.
PIEDMONT
PARK
10TH ST
ST
TA
UN
MO
GA
ON
JAMES JACKS
17TH ST
E
ON
HW
PATE
WY
E LE
NORTH
DEKALB
MALL
ATHE
Y
IN
20
PK
RD
CH
14TH ST
D
SCENIC
LAKE FORREST DR
ROSWELL RD
E RD
RD
HAIRSTON RD
RE
ELL
ED
PEACHTRE
W
ST
RD
RD
IN
NTA
OU
EM
ON
GS
RE
VILL
Y
NC
PO
ESHI
HO
RD
HILL
GH
78
W
LA
CHAR
GAN
NS HW
FO
HU
LAVI
STA
RD
BRID
RD
N
KILLIA
FIVE
Y
HW
RD
NORTHSIDE DR
HIL
RD
LO
78
RD
GE
RID
MONT
CLAIR
ID
LS
ER RD
OO
RIN
SP
CKB
RO
T RD
RU
OYD
FL
LES
SNELLVILLE
UM
ICK
S TR
IL
EV
NC
LE
RD
EH
WY
RK
RD
SE
OU
H
29
MOUNTAIN
INDUSTRIAL BLVD
LAKE
RD
LIFF
ARC
LENOX RD
ON
ND
LINDBERGH DR
COLLI
W
81
Memorial Drive is a primary east-west
traffic and retail corridor through northcentral Dekalb County. Home to a wide
variety of shopping centers, big box developments, restaurants, and business
services, Memorial Drive is about to
undergo a $1.3 million streetscape improvement program.
BG
WEB
A RD
VIST
LA
BRIAR
DM
W WESLEY RD
GE
LLY
WY
140
NORTH
LAKE
MALL
BRI
BUCKHEAD
RD
HO
PK
RD
MERCER
UNIV.
85
PIE
41
RD
AN
LD
DALE
E
BLE RD
AM ER
CH CK
TU
SON RD
LENOX
SQUARE
RY RD
LT
ON
AG
LILBURN
HENDER
PEACHTREE
DUNWOODY RD
ES FER
BO
RE
BO
DR
W PAC
75
FO
ROSEBUD RD
E
NORTHSID
PEACHTREE
DEKALB
AIRPORT
OGLETHORPE
UNIV.
PHIPPS
PLAZA
BLVD
N RD
SANT
RD
LIFF
OAKC
CHAMBLEE
75
RIET
TA
LD
IN
400
MA
NA
TO
GLE
SIN
COBB PKWY
MILL
RD
S TR
RK
CHASTAIN
PARK
ORES
WY
PK
DIA
RT
E
PLEA
RR
Y RD
MO
AF
IN
CA
DORAVILLE
S FE
Y RD
PACES FERR
20
124
MY
FIVE
WER
S
ER L
AK MIL
Y
HW
EV
NC
WRE
LA
JIM
285
PO
CUMBERLAND
MALL
ILLE
LO
D
BLV
Y
RO
1
East metro Atlanta
decatur, Georgia
Y
S
LD
NO
EY
ER
EV
ST
N HW
AYSO
RD
316
GWINNETT
COUNTY
GR
IN
HW
GAR
RU
RD
CRU
RD HW
BUFO
316
Y
DER
WIN
SU
ER
IN
BLVD
PERIMETER
MALL
29
L RD
HIL
NT
AV
RIA
DU
SS RD
SA
D
LV
LB
EE
HTR
AC
PE
DACULA
LAWRENCEVILLE
SE
ST
RD
DR
HW
ON
RN
VE
MT.
DU CH
NW AM
OO BLE
DY E
RD
EL
Y
HEARDS FERRY RD
RD
E
SID
CHATTAHOOCHEE
RIVER
NATIONAL
RECREATION
AREA
RY RD
RS FER
POWE
PEACHTREE
DUNWOODY RD
ER
RIV
N
SO D
HN Y R
JO ERR
F
SANDY
SPRINGS
BE
316
NORC
RO
PLEA
ILL
ASHFORD
RD
DUNWOODY
Y RD
ABERNATH
LLIT
TE
SA
85
WINTERS CHAP
VERN
YM
TILL
MT.
E RD
RD
ON
DUNWOODY
OLD
VD
E BL
23
IDG
BR
DARYMPLE DR
LL RD
R MI
PAPE
120
GWINNETT
PLACE MALL
PE
A
L RD
ROSWEL
MB
LCO
HO
JOHNSON FERRY RD
LOWER
BLVD
BOGGS RD
DUNW
CLUB OODY
DR
LL
SATE
BUFORD DR
SPALD
AC
HT
ROSWELL RD
LS RD
SHOA
GWINNETT COUNTY /
BRISCOE FIELD
CO
R
N
INDUST
RIAL
ROSWELL RD
THE
FORUM
CR
S
ER
RD
HILL
ANT
PLEAS
141
PEACHTREE
CORNERS
120
WY
HW
Y
PK
140
L
SWEELRD
MILL
JODECO RD
SBOR
O RD
DECAT
UR RD
19
JONESBORO RD
JONE
41
GLY
NN
ST
FAYETTEVILLE RD
ILLE
EV
TT
YE
FA
RD
LOVEJOY
McDONOUGH
FAYETTEVILLE
HENRY
COUNTY
81
OLD HWY 3
RD
UG
H
ON
O
cD
M
ON
PT
RD
BLVD
M
N
SO
CK
JA
TARA
20
OLD
We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale,
lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example
only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
81
HA
LANIER AVE
3340 Peachtree Road, NE, Suite 1000
Atlanta, GA 30326
t: 404.842.6600 | f: 404.842.6601
www.transwestern.net/atlanta
BARN
ETT
BRIDG
E RD
REO multi-family
INVESTMENT OPPORTUNITY
Exclusively Offered By:
IN
MA
multi-family REO Opportunity
DECATUR REO Apartment community
offering Summary
Transwestern is pleased to exclusively present the opportunity to acquire Windrush Apartments, a 202-unit
REO multi-family asset located in the Decatur area of
metro Atlanta. Windrush offers the following benefits to
investors:
Available Individually or as a Portfolio with Langley Place
Financing Available on Portfolio to Qualified Buyers
memorial
drive
Financing Available to Qualified Buyers
Financing for the acquisition of Windrush and the adjacent
117-unit REO asset Langley Place can be made available
to a qualified purchaser. Terms will be dependent on the
quality of the offer and the qualifications of the buyer.
285
Address
3841 Kensington Road
Decatur, GA 30032
Total Units
202
Year Built
1982
Occupancy
75%
Unit Mix
Unit
Plan
Size
(SF)
% of
Total
20
162
20
688
1,065
1,219
10%
80%
10%
1BR/1BA
2BR/2BA
3BR/2BA
Strategic East Atlanta Location
Windrush Apartments is located inside I-285 just south of
the Memorial Drive exit. Decatur is a highly-populated and
desirable address thanks to the area’s excellent access to
nearby employment centers and the abundant amenity
base found on Memorial Drive. Bus and rail service to all
points in metro Atlanta is provided by two MARTA stations — Indian Creek directly across the interstate and
Kensington just a few blocks to the west. Kensington Road
connects Memorial Drive with other key Dekalb County
traffic corridors, and has average traffic counts of 17,530
cars per day, which provides excellent exposure for the
property.
No.
Units
kensington
road
Size (SF)
210,670 total SF
1,043-SF average unit size
Site
20.255 acres
Site Density
9.97 units per acre
Flood Plain
The site is not in the 100-year flood plain
Parking
447 spaces
Parking Ratio
2.21 spaces per unit
1.11 spaces per bedroom
In addition to its key location, Windrush Apartments
offers area residents a good mix of unit sizes and price
points. With 202 one-, two-, and three-bedroom units,
the well-maintained and attractive community features key
amenities like a pool, tennis court, clubhouse, playground,
and more. Full-feature units have modern kitchens and
appliances, sunrooms or balconies, and walk-in closets.
Windrush’s units average a spacious 1,043 square feet in
size.
Construction
23 two- and three-story garden-style apartment buildings with T-111
wood siding
Community
Features
•
•
•
•
•
•
•
•
Value Enhancement Potential
Unit
Features
• Fully-equipped kitchens with dishwashers and double sinks and
garbage disposal
• Walk-in closets
• Balconies in one-bedroom units
• Sunrooms with ceiling fans in two- and three-bedroom units
• Full-size washer/dryer connections in two-and three-bedroom units
Utilities
Use
Heat
Cooling
Cooking
Hot Water
Cold Water
Quality Multi-Family Asset
As an REO property, Windrush provides the ability to
acquire a well-located multi-family asset at a price far
below replacement cost. With proactive ownership and
management, operating efficiencies and income can be
enhanced. A more aggressive marketing program can
capture additional occupancy.
Langley Place
(adjacent investment opportunity)
Indian Creek
MARTA
Station
Windrush
Apartments
Portfolio Opportunity
Directly adjacent to Windrush is Langley Place, a 117unit REO community being offered by the same owner
as Windrush Apartments. Together totaling 319 units,
Windrush and Langley Place provide an investor with the
operating and investment economies of scale sought by
larger multi-family investors. Individually, they offer multifamily owners the opportunity to start or expand share in
the attractive Decatur apartment market.
Swimming pool
Lighted tennis court
Clubhouse with kitchen
Laundry facility
Mail center
Playground
Picnic and grilling areas
MARTA public transportation stop
Population
2009
Demographics Average Household Income
(five-mile radius)
Utility
Electric
Electric
Electric
Electric
N/A
Paid By
Resident
Resident
Resident
Resident
Landlord
294,689
$69,791
Median Home Value
$117,971
White-Collar Employment
59.4%
(percent of total workforce)