What is the asking price for Spring Creek Apartments?

Please use the contact form to get in touch with a broker and find out more about what this multifamily property has to offer.

What is the total size of Spring Creek Apartments?

The property has a total square footage of 127,558 SF.

When was this property built?

Spring Creek Apartments was built in 1972.

How many parking spaces are available at Spring Creek Apartments?

The property features 300 parking spaces, resulting in a parking ratio of 2.35 / 1,000 SF.

3841 Austin Circle, Decatur, GA 30032

For Sale Contact for pricing
Property Type Multi-Family
Property Size 127,558 SF
Units 118
Lot Size 9.92 Acre
Parking Spaces Avail. 300
Parking Ratio 2.35 / 1,000 SF
Year Built 1972
Date Updated Apr 24, 2026

Description

LENDER-DRIVEN SALE | 118 UNITS WITH SUBSTANTIAL REVENUE UPSIDE CLOSE TO LARGE EMPLOYERS IN ATLANTA, GA

*Tours are available, by appointment only, on the following dates. Please contact listing broker to schedule

4/14 & 4/15
4/21 & 4/22
4/28 & 4/29

Investment Highlights

Massive Upside Potential on Exit: Spring Creek previously sold for $133,000/unit in August 2022
75% of Units are 2BR & 3BRs: Fits the average household size of local demographic
Primed for Value-Add Upside: All 118 units are in near original condition with laminate countertops, white cabinets, and white appliances
Large Units: Spring Creek averages 1,081 SF
Nearby Communities Achieving Over $1,300/Unit: Multiple competitive communities are achieving average rents above $1,300/unit with minimal interior upgrades
$101,200 Average Household Income: Within a 5-mile radius of the property
Excellent Population Growth: Atlanta is projected to grow by nearly 1 million people by 2040
Minimal New Supply: Within a 5-mile radius of the property. The lack of new supply will fuel rapid future Class B rent growth
Immediate Access to I-285 and I-20: Easy commuter access to major employers in suburban and downtown Atlanta
Proximate to Kensington MARTA Station: Spring Creek is less than 10 minutes away
10 Minutes from Downtown Decatur: Residents are close to unique amenities, restaurants, bars, and entertainment
15 Minutes from Downtown Atlanta: Atlanta is home to 16 Fortune 500 headquarters and a labor force of over 3.3 million people

Offering Summary

Colliers, in conjunction with RealINSIGHT Marketplace, are pleased to present for sale Spring Creek, a 118-unit garden-style multifamily community located in Decatur, Georgia. Currently unoccupied, new ownership has the unique ability to transform and reposition the property quickly and efficiently while capitalizing on strong submarket fundamentals (94.3% occupancy), minimal new supply, and excellent population growth in Atlanta.

Positioned just inside of I-285, residents have easy access major employers such as Delta World HQ (40,000 jobs), Emory Decatur Hospital/Emory University (33,500 jobs), and Hartsfield-Jackson International Airport (21,000 jobs).