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Crown Apartments

1560 Cascade Rd NW, Atlanta, Georgia 30309, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: November 26, 2022, 02:04 pm

Est. IRR


Est. Yield


Est. Equity Multiple


Est. Hold Period

6 years

Est. Property Value


Year Built / Renovated

1970 / 2015



Sq. Ft.




Current Rent


Target Rent


Lot Size

3 acres



Asset Class (Multifamily)

A multifamily is any residential property containing more than one housing unit such as a duplex, triplex, quadplex, or an apartment building.


Crown Apartments with 160 units in Atlanta, Georgia

Crown Apartments is a multifamily apartment with 160 units across 15 buildings. It is located close to Campbellton Plaza Shopping Center (0.4 mi), West Atlanta Watershed Alliance (2.6 mi), and Cascade Springs Nature Preserve (2.7 mi).

This property sits on 3 acres of land with an average unit size of 670 square feet. The apartments were originally built in 1970 and were renovated in 2015, and include an office/leasing center, green spaces, and central courtyards.

Local schools include Cascade Elementary School (1.1 mi) with a 3/10 rating, Young Middle School (2.9 mi) with a 2/10 rating, and Mays High School (3.6 mi) with a 2/10 rating. Nearby colleges include Atlanta Metropolitan State (4.1 mi), Clark Atlanta University (4.1 mi), and Atlanta Technical College (4.2 mi).

The largest employers in the area include Wellstar Health System (3.0 mi), Kroger (4.2 mi), and Publix Super Market (9.6 mi). Nearby Fortune 500 headquarters include Delta Air Lines (3.7 mi), Coca-Cola (6.7 mi), and Southern Company (9.5 mi).

The business plan would be classified as a value-add strategy which in this case means major renovations, increasing rents, and increasing occupancy.

5 Highlights about this deal:

  1. The property is being purchased for approximately $17 million.
  2. The goal is to renovate and increase the average current in-place rent of $985 per unit to $1200 per unit which is still below the market average.
  3. Unit amenities included are high-speed internet access, an eat-in kitchen, and a washer/dryer hookup.
  4. Atlanta is home to 17 Fortune 500 companies.
  5. The property location provides quick access to Atlanta's major economic and employment centers, including Downtown, Midtown, Hartsfield-Jackson, and more.

Market Highlights

Closest School

Cascade Elementary School

Cascade Elementary School(1.1 mi)


Closest University

Atlanta Metropolitan State

Atlanta Metropolitan State(4.1 mi)


Closest Fortune 500 Headquarters

Delta Air Lines

Delta Air Lines(3.7 mi)

Industry: Airlines

Closest Employer

Wellstar Health System

Wellstar Health System(3.0 mi)

Industry: Healthcare

Local Employees: 15,353

Closest Transit

Oakland City

Oakland City(2.2 mi)


Closest Airport

Hartsfield-Jackson Atlanta International

Hartsfield-Jackson Atlanta International(7.2 mi)


On the Map

1560 Cascade Rd NW, Atlanta, Georgia 30309, US

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