Elme Marietta

JLL, as exclusive advisor, is pleased to present for sale Elme Marietta, a 420-unit multihousing community (the “Property”). The Property consists of 256 renovated units, 140 classic units, and 24 down units, of which 15 are estimated to be back online by October and 9 estimated to be back online by year end in fully renovated condition. Renovated units include quartz countertops, subway tile backsplashes, plank flooring, and modern shaker cabinetry in the kitchen and updated vanities, LED lighting, and curved shower rods in the bathroom.

Built in 1975, The Property includes Studio, 1-, 2-, and 3-bedroom apartment homes and townhomes boasting an average unit size of ±989 SF. Elme Marietta presents subsequent ownership the opportunity to acquire a high-quality asset located in a desirable North Atlanta submarket at a steep discount to replacement cost.

Ideally situated in Marietta, residents have access to top-tier schools, are surrounded by retail and entertainment, and can conveniently commute across Greater Atlanta via I-75. The Property is within a 20-minute drive to Atlanta’s busiest employment center with major employers including Home Depot, Papa Johns, and HD Supply headquartered nearby.

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