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1818 Vesta Avenue - Tesfa Manor, College Park, GA

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1818 Vesta Avenue - Tesfa Manor

College Park, GA 30337-1223 - Center Park MF Submarket


Property Type:Multi-Family Number of Units:20 Status:Existing Year Built:1962
Stories:2 Building Size:19,298 SF Land Area:.79 AC (34,473 SF)
For Sale Price:$450,000 Price/Unit:$22,500.00 Cap Rate:6.00 % GRM:-

Parking:1.75 Parking Spaces / 1,000 SF



Sale Notes:
SALE TAKES PLACE AT FULTON COUNTY COURTHOUSE DOOR
136 Pryor St. SW, Atlanta, GA 30303

The asset to be sold consists of 20 units in 3 separate two story brick buildings built in 1962 totaling approximately 15,000 SF of leasable area on a .855 acre corner lot with 210 ft. on Vesta Ave. & 176 ft. on Connally St., approximately 8 blocks from the East Point MARTA station.

The unit mix is believed to consist of four 1 BR 1 BA units, fifteen 2 BR 1 BA units, and one 3 BR 1 BA unit. There are 28 parking spaces on the site. The site is vacant and largely boarded up, but some vandalism has occurred.

The asset is known as Property Tax PIN is 14 0 , and is shown on the Fulton County tax records as having a value of $677,000.

Pursuant to the Notice of Power of Sale contained in the Georgia Security Deed and Security Agreement.

The asset to be sold consists of 20 units in 3 separate two story brick buildings built in 1962 totaling approximately 15,000 SF of leasable area on a .855 acre corner lot with 210 ft. on Vesta Ave. & 176 ft. on Connally St., approximately 8 blocks from the East Point MARTA station.

Ocean Pointe Realty
Avi Dori
(305) 945-3838




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