Zevulon Capital, Inc. has acquired its second multifamily property in Atlanta. The real estate investment management firm purchased a 60-unit apartment complex at 3937 Glenwood Road in Decatur, Georgia for $2.7 million, or $45,000 per unit. Zevulon plans to renovate and rebrand the community to Midwood Glen.
“Located just minutes from downtown Atlanta and easily accessible from major commuter corridors, this asset presents a valuable opportunity for our company, our investors and community residents through strategic repositioning and property enhancements,” said Zevulon Capital Principal Levi Polter.
Nestled near East Lake Golf Club just outside of Atlanta, the garden-style community provides in-town convenience in a private setting. The property is minutes from I-285, with immediate access to I-20, and metro Atlanta’s other major thoroughfares.
Currently, the asset’s rental rates are significantly below market value. Zevulon’s repositioning plans include renovations and upgrades to attract and retain renters. Zevulon will also optimize operations by bringing in its in-house property management company, Midwood Management.
About Zevulon Capital
Zevulon Capital is a privately held, Atlanta-based real estate investment management firm that acquires and strategically transforms value-add multifamily assets across the southeast. Leveraging extensive market knowledge and industry insights, Zevulon successfully up-positions underperforming communities, creating profitability for investors and elevated living environments for residents. Visit zevcap.com to learn more.