Recently Renovated | 16-Unit | Multifamily
16 Unit Apartment Building | $3,760,000 ($235,000/Unit) | 6.50% Cap Rate | Atlanta, GA 30307
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,760,000
- Property Type
-
Multifamily
- Square Feet
- 13,680 SF
Listing Contacts
Andy Lundsberg
Verified Profile
Michael Wess, CCIM
Verified Profile
- Property Info
Property Overview
Bull Realty presents this stabilized 16-unit in-town investment opportunity at an attractive 6.5% cap rate. This property features fourteen spacious 2 bedroom/1 bathroom units and two 1 bedroom/1 bathroom units, all recently renovated and 100% occupied resulting in turn-key ownership. Amenities include on-site laundry facilities and off-street parking. Located in the highly sought-after Inman Park neighborhood, the property enjoys proximity to both Inman Park and Little Five Points. This prime location allows residents to easily walk to a diverse array of restaurants, bars and shops enhancing the appeal for tenants and ensuring a vibrant community atmosphere.
Property Details
- Class
- C
- Year Built
- 1964
- Stories
- 2
- Lot Size (sq. ft)
- 22,651 SF
- Units
- 16
Highlights
- 6.5% cap rate, 100% occupancy
- 16 units in highly sought after Inman Park neighborhood of Atlanta
- Consists of fourteen spacious 2 bed/1 bath units and two 1 bed/1 bath units
- Recently renovated, turn-key ownership
- On-site laundry with off-street parking
- Great location-walkable to both Inman Park and Little 5 Points restaurants, bars and shops
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