- Strategically Located Along I-75 Corridor in Calhoun, GA
- Solid Market Fundamentals with No New Supply in the Pipeline
- Well-Maintained 1985 Concrete Block Construction
- Effective Rents Proven at $100/Unit/Month Upside
- Strong Operating History with Low Bad Debt
- Utility Reimbursement & Other Income Upside
- Significant Capital Improvements Completed
Strategically Located Along I-75 Corridor in Calhoun, GA
Belwood Apartments benefits from its location in Calhoun, a key economic hub in Northwest Georgia. With direct access to I-75, residents enjoy seamless connectivity to Atlanta, Chattanooga, and the broader region. The area’s economic foundation is supported by major manufacturing and distribution employers, with the best retail corridor in Calhoun, just north of the property, which includes Chick Fil A, Kroger, Walmark, Home Depot, Starbucks, and Longhorn Steakhouse.
Solid Market Fundamentals with No New Supply in the Pipeline
In 2024, Calhoun’s multifamily market experienced a significant inventory expansion of 59%, increasing from 1,052 to 1,671 units. Despite this substantial growth, absorption rates have remained stable, reinforcing strong market fundamentals. Notably, year-over-year rent growth stands at 3.9%, while the stabilized vacancy rate is a mere 4.3%. Furthermore, there are currently no units under construction or in the development pipeline in Calhoun, suggesting that these strong fundamentals are likely to persist.
Well-Maintained 1985 Concrete Block Construction
Built in 1985, Belwood Apartments features concrete block construction with durable brick veneer exterior and sits on a 2-acre tract of land. The property includes tiled floors throughout, full kitchens, and all-electric systems with individual water metering. This stable physical condition minimizes the need for immediate capital expenditures and provides a solid foundation for future value enhancement.