Montega & Water Oak Village Apartments

JLL, as exclusive advisor, is pleased to present for sale Montega Apartments & Water Oak Village (collectively “Montega & Water Oak” or the “Property”), a 184-unit, value-add investment opportunity located in the Forest Park submarket of Atlanta, Georgia. The offering includes Montega Apartments (99 units, 1970), Water Oak Village (84 units, 1965), and one 6-bedroom single-family rental. The Property features partially-renovated 1-, 2-, and 3-bedroom garden apartments, two playgrounds, and a swimming pool.

Montega & Water Oak’s well-maintained physical plant provides subsequent ownership with minimal deferred maintenance to address and stable in-place cash flow.

Ideally situated near I-75, I-85, and I-285 within Forest Park, residents can rapidly access numerous Atlanta employment hubs while enjoying the serenity and convenience of suburban living. Furthermore, local employers including the Hartsfield Jackson Airport, which employs more than 63,000 people and the ±6.3 million square-foot Gillem Logistics Center, have established a robust ecosystem that continues to drive tenant demand in South Atlanta.