Lexington Apartments

05-18-2022
05-18-2022

3073 Washington Rd, East Point, GA 30344

  • Lexington Apartments is a 1965-1971-built asset featuring 264 one-, two-, three-, and four-bedroom floorplans averaging 1,104 square feet.
  • The average in-place rent of $922 can be increased to over $1,260 by upgrading the 227 remaining classic units.
  • Located in one of the largest & most active industrial submarkets in the country (Airport/N. Clayton) with net absorption avg 5MM SF over the past 3yr
  • Amenities include a clubhouse, fitness center, business center, swimming pool, and an outdoor grilling area.
  • The South Atlanta submarket has performed well in recent years. According to CoStar, market rent increased to over 8% YOY in Q1 2022.
  • Located 3 miles NE of Duke Realty’s Industrial Bus. Park – home to logistics/distribution hubs for: Amazon, Home Depot, FedEx, Clorox, Porsch, ADT

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
No. of Units
264
Year Built
1965
Year Renovated
2000
Building Size
291,381 Sq ft
Lot Size
18.3 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 0
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