3373 Aztec Rd, Doraville, GA 30340

• SPACIOUS UPGRADED INTERIORS WITH MODERN AMENITIES, STRONG OCCUPANCY, AND $1,550+ AVERAGE RENTS: Hidden Colony offers exceptionally large floorplans averaging 1,252 SF, with approximately 40% featuring highly desirable townhome layouts and all two-bedroom units providing 2 or 2.5 baths—ideal for families and rare for its vintage. The property demonstrates robust underlying demand with 96% occupancy on available units, low 2% delinquency over the trailing 12 months, and just $15,000 in current accounts receivable, while 60% of interiors have been upgraded and every unit includes washer/dryer connections for strong resident retention and leasing velocity. The average inplace rent at the property is $1,556.
• IMMEDIATE UPSIDE THROUGH PHYSICAL OCCUPANCY IMPROVEMENT: The property currently stands at 89% overall occupancy while achieving 96% occupancy on available units, with the seller actively bringing 21 offline units back online. Similar vintage competitors in the submarket consistently average 95% occupancy with higher rental rates, highlighting the property’s near-term upside through targeted lease-up to achieve superior NOI performance before pursuing additional proven value-add strategies.
• MARKET SUPPORTED ORGANIC RENT GROWTH POTENTIAL : Hidden Colony benefits from roughly 60% of unit interiors already having been renovated, supporting a current in-place average rent of $1,559. Similarly aged and renovated properties in the submarket are consistently achieving rents up to $100-$400 higher for comparable upgrades, while nearby new-construction communities command $800–$1,000 monthly premiums—underscoring a healthy and sustainable rent spread between this well-positioned asset and both renovated peers and new product.
• SUBMARKET FUNDAMENTALS WITH IMPRESSIVE DEMOGRAPHICS : Doraville, part of the rapidly growing North Atlanta submarket alongside Chamblee and Brookhaven, features strong demographics and a prime location near major employment hubs, including Buckhead, Midtown, Central Perimeter, and North Fulton. With a median home value exceeding $419K within a three-mile radius, $99,000 average household incomes, and $67,000 median household incomes, the area has emerged as a highly desirable and fast-rising residential destination.
• ECONOMIC DEVELOPMENT HUB AND PROXIMATE TO THOUSANDS OF NEW JOBS : The Chamblee/Doraville Submarket has been a hotbed for investment and economic growth. Notable projects in the area include Assembly Yards, the PDK Airport expansion, Chamblee Plaza redevelopment, Chamblee Town Center, Downtown Doraville redevelopment, and the Chamblee International Logistics Hub. Offering unparalleled connectivity less than a mile from the I-285 and I-85 interchange, the property is just a 20-minute commute from all of Atlanta’s major employment centers

PROPERTY DETAILS

• Site Size/Density: 21.40 Acres / 13.08 Units per Acre
• Address: 3373 Aztec Rd, Doraville, GA 30340
• Parking: Ample open surface parking spaces
• Access: 12 points of ingress/egress to Aztec Road
• Number of Buildings: 57 residential buildings
• Roof: Mixture of pitched roofs with composition shingles and mansard roofs. Pitched roofs were replaced in 2014.
• Ceiling Height: 8-foot ceilings
• W/D Connections: All units have /dryer connections. There is also a laundry facility on site.
• Foundation: 16 units are on crawl space while the remaining 264 units are on concrete slab
• Exterior Materials: All buildings have wood frame construction with brick exteriors.
• Breezeways: Units in the Georgian-style buildings are accessed through a main door with interior stairs. Units in the three-story mansards buildings are accessed by a covered breezeway.
• Patio/Balcony: Most units have a patio or balcony
• HVAC: All units have an individual, electric forced-air system with interior closet mounted air handler and exterior pad-mounted condensing unit.
• Hot Water: Units feature gas water heaters.
• Wiring: Copper supply lines and cast iron waste lines
• Electric/Gas: Gas and electric; gas is used for water and heat