Jackson Place
Sold
Purchase Price
$3,500,000 (2017)
Sold Price
$5,100,000 (11-2021)
Hold Period
3 years
Occupancy Rate
96%
50-unit Jackson Place apartment community located in northeast suburban Atlanta, Jackson County, Georgia. Strategically located across from Northridge Medical Center and near numerous employment drivers, this boutique asset is less than 2 miles from I-85 and U.S.-Hwy. 441, and Tanger Outlet Commerce is 2.4 miles north. Built in 1997, Jackson Place offers an outstanding value-add opportunity in Atlanta’s Northeast Corridor, which is projected to outpace the rest of Atlanta Metro in population growth through 2030. With a low cost of living, low unemployment rate, good schools, and strong industrial employment drivers, Jackson County is benefitting from exurban growth moving northeast from Atlanta.
