- For sale
Colliers is pleased to present Timbercrest, a 792-bed student housing community with significant value-add upside located next to the University of West Georgia and less than an hour from downtown Atlanta. Offering core features, including 9’ ceilings and an upscale amenity package, Timbercrest caters to both students and conventional market rate renters. Since May 2019 the community has undergone nearly $1.1 million in capital improvements including refinishing and tiling the pool plus adding new pool furniture, upgrading the basketball courts, sealing and striping the parking lot, creating premium units, installing a Butterfly package room, and upgrading the courtyard area. The majority of units are in near original condition with white appliances, oak cabinetry, and a mix of tile and laminate flooring. A comprehensive renovation program focused on unit interior upgrades such as stainless-steel appliances, backsplash, hardwood-style flooring, lighting, a tech package, and granite countertops generates substantial monthly premiums and re-positions the property’s perception with the target demographic. In excellent physical condition, new ownership can focus investment capital on revenue-generating improvements.