1003-1019 Washington St SW - Apartments FOR SALE


Atlanta, GA 30315- Peoplestown
$250,000 USD
301-706-4619
1003-1019 Washington St SW, Atlanta, GA for Sale
$250,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1003-1019 Washington St SW
Atlanta, GA 30315
Peoplestown


HIGHLIGHTS

  • STARTING BID $250,000 | Bolden Flats | Atlanta MSA | AUCTION MARCH 9-11
  • Low In-Place Occupancy (50%) – Significant upside through lease-up and stabilization.
  • 32-Unit Multifamily Property – Efficient scale for hands-on value-add execution.
  • Diverse Unit Mix – 10 three-bedroom, 13 two-bedroom, and 9 one-bedroom units.
  • Exterior Capital Improvements Completed – Exterior upgrades enhance curb appeal and reduce near-term CapEx.
  • Interior Upside Remaining – Select renovated units provide a roadmap for continued value-add.

OVERVIEW

Marcus & Millichap is pleased to present Bolden Flats, a 32-unit multifamily property located at 1003 Washington Street, Atlanta, Georgia (the “Property”). The Property features a well-balanced unit mix consisting of 11 three-bedroom/one-bathroom units, 13 two-bedroom/one-bathroom units, and 10 one-bedroom/one-bathroom units. Bolden Flats is currently operating at 50% occupancy, presenting a compelling value-add and lease-up opportunity. Exterior upgrades have been completed, improving overall condition and curb appeal, while select units have already been renovated, allowing investors to continue a proven renovation strategy. Located within an established Southwest Atlanta residential corridor, the property offers convenient access to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport. Strong demand for affordable and workforce-oriented housing continues to support long-term rental fundamentals in the submarket.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$11 USD /SF

# OF UNITS

32

PRICE/UNIT

$7,813

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction -REO Sale: Bolden Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RM

APN/PARCEL ID

14-0074-0006-028-7,14-0074-0006-029-5,14-0074-0006-030-3

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.