Sweetwater Creek

Investment Highlights

Sweetwater Creek is a 240 unit asset built in 1994. It is located along the I-20 West Corridor in Lithia Springs, GA. The Property is 15 miles west of downtown Atlanta in a bedroom community with short commute times to Downtown and Midtown Atlanta, the Vinings / Cumberland office sub-market, and Hartsfield-Jackson Atlanta International Airport. Sweetwater Creek represents a true value-add opportunity as 239 of the 240 homes need full renovation. Anticipated apartment upgrades include new stainless “faux” steel appliances, new cabinet faces and pulls, hard-surface flooring, adding washers/dryers to 190 units, and tile backsplash. Sweetwater Creek is TruAmerica’s 4th acquisition in the State of Georgia and 1st in Douglas County.

Property Highlights

Sweetwater Creek features an attractive unit mix comprised of one-bedroom apartments two-bedroom apartments and three-bedroom apartments with floor plans at an average unit size of 1,131 square feet. All of the homes feature 9-foot ceilings, washer/dryer hookups, patio/balcony, and crown molding. The Property also features a broad array of community amenities that include a swimming pool, fitness center, sports court, playground, clubhouse, picnic areas with barbeque grills, and dog park.

Sweetwater Creek benefits from a strong location off the I-20 West and Route 6 interchange, providing access to urban Atlanta, Hartsfield-Jackson Atlanta International Airport, and the Cumberland / Vinings office submarket. The I-20 West Corridor serves as the key connector between Atlanta and Birmingham, Alabama. The Property itself sits along its namesake, the Sweetwater Creek, a tributary of the Chattahoochee River, providing an idyllic setting in a second ring suburban location. Additionally, Sweetwater Creek State Park is adjacent to the property to the southwest. The park provides a number of hiking trails, picnic areas, and playgrounds.

Community Amenities

  • Swimming pool
  • Fitness center
  • Sports court
  • Playground
  • Clubhouse
  • Picnic areas with barbecue grills
  • Dog park

 

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