For Auction

Arborside Apartments | 144-Units | Value-Add

2717 Shellbark Road,
Decatur, GA 30035

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
Garden
Multifamily Subtype
144 Units
Unit Count
Value-Add
Investment Profile

Investment Highlights

Prior Sale at $121,500 Per Unit in 2023
Arborside last traded in September 2023 at $121,500/unit, signaling meaningful exit value potential.
47 Down Units Ready to Return to Service
Returning offline units and leasing vacant inventory offers a fast path to restored revenue.
Proven Renovation Premiums Already in Place
Select units upgraded with black appliances and Shaker cabinets already command proven premiums.
Large Floor Plans Averaging 1,517 SF
Oversized units amplify the rent impact of interior upgrades, with most in near-original condition.
Nearby Comp Achieving Rents Above $1,550
The Groves achieves $1,550+ average rents with Shaker cabinets, subway tile, LVP, black appliances.
No New Supply Within an 8-Mile Radius
A lack of competing deliveries near the property provides a clear runway for sustained rent growth.

Offering Summary

Brokered by Colliers and powered by RealINSIGHT Marketplace, Arborside is a 144-unit garden-style community offering immediate stabilization and value-add upside in a rapidly growing Atlanta submarket. New ownership can return 47 down units to service and lease vacant inventory to quickly restore revenue before phasing in renovations that further grow NOI and exit value. Units average a spacious 1,517 SF, and the majority remain in near-original condition with white cabinets, white appliances, and laminate countertops, so even modest upgrades should have an outsized impact on rents. Select units renovated with black appliances and Shaker cabinets have already established proven premiums, giving a buyer the option to continue the existing program or elevate all 144 units to a unified, higher price point. Nearby comp The Groves supports the thesis, achieving average rents over $1,550 with a similar renovation scope. Positioned just off I-20 with easy access to Delta World Headquarters, Hartsfield-Jackson International Airport, and Downtown and Midtown employers, Arborside faces no new supply within an 8-mile radius as Metro Atlanta is projected to add 1.8 million residents by 2050.

Due Diligence

Location

Arborside sits just off I-20 with direct access to Atlanta’s largest employment hubs. Delta World Headquarters and its 40,000+ jobs are 20 minutes away, alongside Hartsfield-Jackson International Airport, Grady Memorial Hospital, and multiple Amazon distribution centers. MARTA is 15 minutes away, giving residents multiple commuting options across the metro.

20 min
Drive to Delta World HQ (40,000+ jobs)
+16%
Projected 5-yr income growth within 1 mi
1.8M
Projected new Atlanta residents by 2050

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: AUNR003157

Need Help?

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Auction Opens In
40d 21h 18m 10s
$1,000,000
Starting Bid
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Bidding Opens
Bidding Closes

Investment Sales Brokers

Chad DeFoor
Colliers
GA License: 252279
Will Mathews
Colliers
GA License: 347512

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.