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Zevulon Capital Buys Two Value-Add Apartment Communities in Atlanta

Zevulon Capital, Inc. has acquired two value-add apartment communities in Forest Park, Georgia: a 32-unit complex at 260 Main St. for $2.1 million, or $65,625 per square foot, and a 44-unit community at 976 Forest Avenue for $2.42 million, or $55,000 per unit. The company plans significant capital improvements to enhance the properties for residents and bring market rents on par with competitive communities. 

Both properties are located just minutes from the I-285 and I-75 highway commuter corridors as well as Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport.

Zevulon will make significant investments, such as exterior painting, interior renovations, appliance upgrades, a playground for children, and landscape enhancements that will support higher rents and increase the cash flow of the assets. 

“Our business plan focuses on improvements that will make these communities even more desirable for young professionals and busy families to live while increasing each asset’s value for investors,” said Zevulon Capital Principal Levi Polter. 

The properties will be rebranded and managed by Zevulon’s 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.