Viewing Listing MLS# 7323739
Atlanta, GA 30308
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1979Year Built
- 0.00Acres
- MLS# 7323739
- Multifamily
- Other
- Active
- Approx Time on Market2 months, 17 days
- AreaN/A
- CountyFulton - GA
- SubdivisionNa
Overview
Amazing Investor Opportunity, in the heart of the Midtown Garden District. This is an 8-unit Multi-Family Apartment building with upscale interior and exterior renovation and 100% leased apartment complex situated on Fifth St in midtown. The building features six 1/1's (3 of which have a bright sunroom), one 2/1 with a sunroom, and one studio unit. All units features new kitchens with SS appliances and granite countertops and each unit has its own stackable Washer/Dryers in the kitchen, renovated Bathrooms, new paint and flooring. Building has padded lock entry, front enclosed area with outdoor spaces, back units have private decks/patios. Building has three off-street concrete pad dedicated parking spaces. All units separately metered for Gas and Power. Google Fiber available. Great short term rental opportunities, corporate housing, or Airbnb potential. Minutes to Piedmont Park, Midtown, Downtown, and Atlanta Beltline.
Association Fees / Info
Hoa: No
Community Features: Near Beltline, Near Marta, Near Schools, Park
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 8
Exterior Features
Fence: Fenced, Front Yard
Pool Private: No
County: Fulton - GA
Acres: 0.00
Financial
Original Price: $2,300,000
Operating Expense: 39362
Net Operating Income: 131,678
Owner Financing: Yes
Cap Rate: 5.72
Gross Income: 17,104
Garage / Parking
Parking Features: Varies by Unit
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Two
Lot Info
Lot Size Source: Not Available
Lot Features: Corner Lot
Lot Size: x
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick 4 Sides, Shingle Siding
Year Built: 1,979
Property Condition: Updated/Remodeled
Roof: Shingle
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Agent Related to Seller, Investor Owned, No disclosures from Seller, Sold As/Is
Tax Info
Tax Amount Annual: 23994
Tax Year: 2,023
Tax Parcel Letter: 14-0048-0005-025-7
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Use Google MapsListing Provided courtesy of Oak Grove Advisors Inc