Asking Price: $4,676,000
Building Size: 30,000 SQ FT
Lot Size: 29621
Cost per Square Foot: $155.87
Cap Rate: 6.00%
Rare opportunity to acquire this recently-renovated, 28-unit apartment complex in the popular Virginia-Highland neighborhood. Property just underwent renovations which include exteriors upgrades, all new interiors, windows, HVAC, etc.
Virginia-Highland is one of the most sought-after neighborhoods in Atlanta with high barriers to entry, low vacancy and strong rents. This is a highly desireable intown location within walking distance to Ponce City Market, Atlanta BeltLine and Freedom Park.
Key Points: Excellent location in highly sought-after Virginia-Highland neighborhood Walking distance to popular bars and restaurants, Ponce City Market and the Atlanta BeltLine Offering consists of 28 units in 3 adjacent buildings Interior renovations include: new kitchens, bathrooms, granite or quartz counter tops, new cabinets, refinished hardwoods, double pane aluminum windows and stainless steel appliances All units include washer and dryers Off-street parking in rear with alley access Greenspace recreational areas facing Greenwood Avenue Available land to expand one of the buildings with additional 2-4 units