City Park

415 Fairburn Road, Atlanta, GA 30331

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 193,328 SF
  • Units 208
  • Year Built 1991
  • Date Updated Aug 27, 2025

Attractive, Well-Located Asset: City Park, built in 1991, features 208 spacious one-, two-, and three-bedroom units averaging 929 square feet, with washer/dryer connections in each unit and fully electric systems. Amenities include a clubhouse, swimming pool, fitness center, and grilling area.

Proven Turnaround and Upside: With 181 units already modernized, a professional management firm was brought on in June 2024 to execute a successful turnaround. They have since replaced over 75% of the resident base and stabilized operations. Future owners will benefit from normalized expenses and a strong foundation for continued rent growth.

Significant Loss to Lease: The average in-place rent is currently $1,191. With achieved rents averaging $1,268, there is an immediate loss-to-lease of $192,000, which does not account for additional premiums from a full recapitalization of the asset.

Immediate Development Opportunity: An existing concrete slab provides a rare opportunity to immediately build an additional eight units. This expedites the construction process and significantly reduces costs, allowing a new owner to quickly boost unit count and income.

Impressive Demographics: Within a two-mile radius, the median owner-occupied home value is $228,000, with recent sales ranging from $500,000 to $1.3 million.

Prime Connectivity: Located just half a mile west of I-285 and 1.5 miles south of I-20, the property offers convenient access to downtown Atlanta, Hartsfield-Jackson Airport, the Fulton Industrial Boulevard district, and other major employment hubs. It is also within a mile of everyday conveniences, including a Walmart Supercenter, Home Depot, Starbucks, and a Publix-anchored shopping center.

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Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Taylor Brown

GREA

broker
Chandler Brown

GREA

broker
Mack Leath

GREA

Location

Getting Around

  • Walk Score ®

    5/100 Car-Dependent

  • Bike Score ®

    6/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Utoy Creek
  • Zip Code 30331
  • Market Atlanta

Points of Interest

  • Hamilton E. Holmes

    4.21 miles

  • West Lake

    5.59 miles

  • Bankhead

    6.81 miles

  • Oakland City

    6.90 miles

  • Lakewood/Fort McPherson

    7.07 miles

  • Ashby

    7.21 miles

  • East Point

    7.30 miles

  • West End

    7.36 miles

  • Vine City

    7.97 miles

  • College Park

    8.18 miles

  • Chevron

    1.76 miles

  • BP

    1.84 miles

  • QuikTrip

    2.05 miles

  • Shell Express

    2.40 miles

  • Citgo

    2.42 miles

  • Circle K Gas Express

    2.63 miles

  • Exxon

    2.66 miles

  • eVgo

    5.77 miles

  • Volta

    6.80 miles

  • ChargePoint

    8.03 miles

  • Teacher's Parking Lot

    2.98 miles

  • Parking Lot

    3.07 miles

  • Trailer Parking

    3.67 miles

  • Barge Road Park & Ride

    4.11 miles

  • H. E. Holmes Park & Ride

    4.14 miles

  • Thornton Road Park & Ride

    4.45 miles

  • West Lake Park & Ride

    5.59 miles

  • Mableton Park & Ride

    6.16 miles

  • Red Roof Inn Atlanta - Six Flags

    1.63 miles

  • Super Inn

    1.73 miles

  • A2C Budget Hotel

    1.76 miles

  • Howard Johnson Atlanta Near Six Flags

    1.83 miles

  • Armada Inn

    2.02 miles

  • Fulton Inn Motor Hotel

    2.09 miles

  • Budgetel Atlanta

    2.19 miles

  • Wingate by Wyndham Atlanta/Six Flags Austell

    2.24 miles

  • Guest Inn

    2.28 miles

  • Econo Lodge At Six Flags

    2.29 miles

  • Jimmy John's

    1.63 miles

  • Dunkin'

    1.63 miles

  • Bojangles'

    1.65 miles

  • Waffle House

    1.70 miles

  • Birds of Prey Cafe

    1.98 miles

  • Wendy's

    1.99 miles

  • Zaxby's

    2.05 miles

  • McDonald's

    2.05 miles

  • Chick-fil-A

    2.09 miles

  • Wingstop

    2.19 miles

  • Atlanta Youth Development Center

    0.86 miles

  • Lenora P Miles Elementary School

    1.37 miles

  • Utoy Springs School

    1.61 miles

  • Cascade Adventist Elementary School

    1.74 miles

  • Cascade Adventist Academy

    1.82 miles

  • Adamsville Elementary School

    1.84 miles

  • Achieve Academy of Atlanta

    1.88 miles

  • Atlanta Adventist Academy

    1.91 miles

  • Seeds of Excellence Christian Academy

    2.09 miles

  • Mays High School

    2.21 miles

  • Angel's Academy

    3.62 miles

  • Childcare Center

    8.25 miles

  • Sunbrook Academy

    8.30 miles

  • Carol's Daughter Learning Center

    8.57 miles

  • Paly 2 Grow

    8.69 miles

  • The Children's Campus @ Georgia Tech

    8.81 miles

  • Jeannette Cathy Children's Center

    9.16 miles

  • Childcare Network

    9.27 miles

  • Oxford Babies

    9.69 miles

  • Primrose School

    9.81 miles

Frequently Asked Questions

How much does City Park cost?

The sale price for City Park is available upon request. Contact the listing broker for more information.

What is the total square footage of City Park?

City Park totals 193,328 square feet.

When was this property built?

City Park was built in 1991.

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