McDonoughMcDonough, GA

McDonough

Varden Capital, along with its partner, Tellus Partners, are developing a multifamily project in McDonough, GA. The total project will consist of 267 units. With an ideal location within McDonough, the Property will immediately enter the top of a Henry County market with an economy growing at a lightning-fast pace. With a lovely historic downtown area that has a multitude of attractions and a market that has recently seen an increase in upscale multifamily development, McDonough is a very attractive investment.

Henry County's phenomenal rent growth in the last six years reflects over 6% year-over-year growth in 2014-2020. Further, rent growth is expected to grow over 16% through 2024. Vacancy has remained low and is expected to stay around 4.5% through 2024.

Property Details

Location

Highway 20 - McDonough, GA

Size

267 Units

Site Size (Acres)

20.9

Unit Mix

One, Two and Three Bedrooms

Sqare Footage Range

774-1,311

Amenities

Community Amenities

  • 24-Hour Fitness Center
  • Resort Style Poool
  • Outdoor Kitchen
  • Game Room & Lounge
  • Clubhouse
  • Firepit Area
  • Theatre Room
  • Yogo Room
  • Sundeck
  • Car Wash Station
  • Community Garden
  • Walking Trails
  • Co-Work Space

Unit Amenities

  • Stainless Steel Appliances
  • Open Floor Plans
  • Private Balconies
  • High Efficiency HVAC
  • Smart Thermostats
  • Luxury Wood Style Flooring
  • Quartz Countertops
  • Tile Backsplash
  • Custom Cabinets with Soft Close