Lullwater Apartments

Capstone is pleased to present the Lullwater Apartments, a 40-unit garden-style apartment complex located in the highly desirable Atlanta submarket of Druid Hills. Lullwater benefits from an in-place value-add program, which will provide an excellent foundation for new ownership to utilize and take the property to the next level. The current owner has renovated 3 units to date, which are achieving rent premiums of $250-275. The property sits within walking distance of the prestigious Emory University providing the future owner with a high-quality resident profile. The property’s unrivaled location, coupled with the lack of workforce housing in the area, positions the property to capitalize on the growing demand for rental housing.  With the majority of exterior CapEx improvements complete and the opportunity to continue the proven in-process value-add program, incoming investors can focus on driving NOI growth by building on the in-process renovation program in a highly sought-after rental market.

Investment Highlights:

Significant Value-Add Opportunity

Strong Submarket Demographics

Proximity to Emory University