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