Listed by Franklin Street Atlanta
Unpriced
Cascade Oaks
Details
Property Type Multifamily
Sub Type Apartment Building
Units 113
Year Built 1969
Multifamily | 113 Units
Marketing description
Franklin Street is pleased to present Cascade Oaks, a 113-unit multifamily community located in Southwest Atlanta. Constructed in 1969, the property features a functional mix of one- and two-bedroom floorplans positioned to serve a deep workforce renter base supported by the area’s established employment and retail drivers.
Cascade Oaks is directly across the street from Cascade Shopping Center, featuring a Publix Supermarket and Chick-fil-A, providing residents immediate access to daily-needs retail and services. The surrounding trade area is further supported by additional national retail and grocery anchors including Walmart Supercenter and Kroger, reinforcing convenient access to essential goods and household necessities. The property also benefits from proximity to local schools including Beecher Hills Elementary (4.4 miles), Jean Child Young Middle (2.6 miles), and Benjamin E. Mays High (2.1 miles), supporting demand from family-oriented renter households.
The asset is positioned within a high-connectivity corridor with direct access to I-20 and I-285, supporting commutability throughout Metro Atlanta. In addition, Cascade Oaks is located near Six Flags Over Georgia, a major regional entertainment destination, further reinforcing the area’s established demand profile. The property is situated within a densely industrialized pocket of Southwest Atlanta, with approximately 16.7 million square feet of industrial space within three miles, providing a deep bench of logistics, warehousing, and light industrial employment drivers. Collectively, Cascade Oaks offers investors the opportunity to acquire a well-located multifamily asset supported by strong daily-needs retail, major highway connectivity, and concentrated employment demand in Southwest Atlanta.
Investment highlights
- Ownership has executed a comprehensive interior capital improvement program totaling approximately $1.34 million, equating to approximately $11,900 per unit across 113 units, undertaken between 2021 and 2024.
- Capital investment was focused on unit-level renovations and interior building systems, including upgrades to mechanical components, flooring, interior finishes, and non-routine interior repairs.
- Renovation scope also included interior plumbing and life-safety related improvements, as well as unit-level supplies and finishes such as bathroom components, doors, window coverings, and unit turnover-related work.
- The scale and consistency of interior capital deployment positions the property with improved in-unit conditions, reduced near-term maintenance exposure, and a stronger competitive position relative to older vintage assets in the surrounding submarket.
- The submarket continues to exhibit sustained demographic momentum, with population within a five-mile radius of the property increasing by a cumulative 5.0% between 2020 and 2024, and an additional 3.8% growth projected through 2029.
- This population growth is supported by the submarket’s relative affordability within Metro Atlanta, with asking rents averaging approximately 19–20% below the broader Atlanta MSA, while still benefiting from direct connectivity to major employment nodes via I-20 and I-285.
- The convergence of continued population inflows, affordability-driven demand, and positive absorption trends underpins forecasts for positive rent growth in the submarket over the near term, reinforcing a favorable operating environment for well-positioned multifamily assets.
Listing Contacts
Listed by Franklin Street Atlanta
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