Bascom buys 280 apartment units

The Bascom Group LLC recently paid $10 million for the Evans Mill apartment community in Lithonia, Ga.

The 280-unit property, located at 2795 Evans Mill Road, was sold by Lane Co. Investment and Development. Built in 1971 and later renovated in 2003, it is situated on 24.5 acres.

Evans Mill is comprised of 19 one-bedroom/one-bath apartments, 72 two-bedroom/one-bath apartments, 157 two-bedroom/one-and-a-half-bath apartments, and 32 three-bedroom/two-and-a-half-bath apartments. Unit sizes range from 726 to 1276 square feet with an average of 995 square feet.

Bascom plans to complete a modest renovation of the property that will include improvements and upgrades to the amenity package, leasing center, landscaping, public amenities and playground. Interior improvements will include upgraded carpeting, flooring, counter re-surfacing, upgraded fixtures, and new paint on unit turns.

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