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Viking Capital buys Douglasville apartments for $28.2 million 

by John Yellig

Community amenities include a clubhouse, resort-style pool, playground and gym. Courtesy of Viking Capital.

Viking Capital recently acquired the Stewart’s Mill apartment complex in Douglasville for $28.2 million. The purchase of the 188-unit community marks Vienna, Virginia-based Viking’s 10th Atlanta-area acquisition and 25th purchase overall.  

The 19-acre property encompasses 12 two- and three-story buildings, including the office, and 12 detached garages. Courtesy of Viking Capital.

The 19-acre property, located at 3421 Stewart Mill Road, was built in 1988 and comprises 60 one-bedroom, 100 two-bedroom and 28 three-bedroom apartments. In total, it encompasses 12 two- and three-story buildings, including the management office, and 12 detached garages. 

Unit amenities include patios or balconies, wood-burning fireplaces and stainless-steel appliances, while community amenities include a clubhouse, resort-style pool, playground and gym.  

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