apartment leasing office

Zevulon Capital Pays $7.27 Million For Belmont Apartments In Atlanta

Zevulon Capital, Inc. has purchased The Belmont Apartments, a 72-unit multifamily asset at 1000 Belmont Drive in Smyrna, Georgia, for $7.27 million, or $100,972 per unit. The value-add property will undergo a rebrand as well as interior and exterior improvements,

“Belmont is a beautiful, tranquil community,” said Yossi Kagan, a Zevulon Capital Principal. “Our enhancements are intended to improve the living environment for tenants and attract investors seeking reliable cash flow with considerable upside potential.”

Zevulon Capital will make targeted investments in upgrades such as stainless steel appliances, new cabinets and countertops, chaise lounge chairs and patio furniture for the pool area, landscape improvements, and other enhancements to the exterior and interior of the buildings. The community will be rebranded and managed under Zevulon’s property management company, Midwood Management.

The community features spacious floor plans, walk-in closets, and fully equipped kitchens, pantries in some units, tree-lined streets, and an inground pool and grill area. Its location provides community members with direct access to the major I-75 and I-285 commuter highways as well as the Cobb Galleria and Cumberland Mall area just minutes away. 

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.