Tellus Partners, along with its partner, Varden Capital, are developing a multifamily project in McDonough, GA. The total project will consist of 267 units. With an ideal location within McDonough, the Property will immediately enter the top of a Henry County market with an economy growing at a lightning-fast pace. With a lovely historic downtown area that has a multitude of attractions and a market that has recently seen an increase in upscale multifamily development, McDonough is a very attractive investment.
Henry County’s phenomenal rent growth in the last six years reflects over 6% year-over-year growth in 2014- 2020. Further, rent growth is expected to grow over 16% through 2024. Vacancy has remained low and is expected to stay around 4.5% through 2024.
COMMUNITY AMENITIES
- 24-HOUR FITNESS CENTER
- RESORT STYLE POOL
- OUTDOOR KITCHEN
- GAME ROOM & LOUNGE
- CLUBHOUSE
- FIREPIT AREA
- THEATRE ROOM
- YOGA ROOM
- SUNDECK
- CAR WASH STATION
- COMMUNITY GARDEN
- WALKING TRAILS
- CO-WORK SPACE
UNIT AMENITIES
- STAINLESS STEEL APPLIANCES
- OPEN FLOOR PLANS
- PRIVATE BALCONIES
- HIGH EFFICIENCY HVAC
- SMART THERMOSTATS
- LUXURY WOOD STYLE FLOORING
- QUARTZ COUNTERTOPS
- TILE BACKSPLASH
- CUSTOM CABINETS WITH SOFT CLOSE
PROPERTY DETAILS
LOCATION
Highway 20 – McDonough, GA
SIZE
267 units
SITE SIZE (ACRES)
20.9
UNIT MIX
One, Two and Three Bedrooms
SQUARE FOOTAGE RANGE
774 – 1,311