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Zevulon Capital Buys Value-Add Townhome Community In Atlanta For $20.6 Million

Zevulon Capital, Inc has acquired its second multifamily asset this year. The real estate investment management firm purchased Sterling Riverside, a 232-unit townhome community at 7440 Riverside Parkway in Austell, Georgia, for $20.6 million, or $88,793 per unit. 

“Sterling Riverside is an established and well-located townhome community for professionals and families,” said Levi Polter, Principal at Zevulon Capital. “We were attracted to the asset’s repositioning potential, which will allow us to invest in upgrades that will appeal to residents and increase its value for investors.”

Zevulon Capital will immediately begin an extensive renovation to strategically upgrade the property and rebrand it as Midwood Riverside. Planned improvements include exterior renovations and landscaping enhancements, new kitchen appliances, new flooring, new furniture for common areas and the business center, and outdoor patio furniture for the pool area.

The peaceful and serene property features two- and three-bedroom floor plans, with select units featuring walk-in closets, private patios and a breakfast bar. Community amenities include a pool and sundeck, laundry facilities, and a business center, playground and basketball court. Located just off the major I-20 commuter highway, the property is minutes from Six Flags over Georgia theme park and Sweetwater Creek State Park nature preserve. 

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.