1164 Alta Ave NE - Apartments FOR SALE


Atlanta, GA 30307- Inman Park
$3,400,000 USD
404-876-1640
1164 Alta Ave NE, Atlanta, GA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/11
null | 6% Cap Rate

1164 Alta Ave NE
Atlanta, GA 30307
Inman Park


HIGHLIGHTS

  • 6% cap rate with 100% occupancy providing immediate stable cash flow
  • Highly sought-after intown location convenient to both Inman Park and Little 5 neighborhoods
  • Recently updated offering true turnkey ownership with minimal capital needs
  • On-site laundry facilities and off-street parking for tenant convenience

OVERVIEW

Bull Realty is pleased to present The Flats, a stabilized 16-unit multifamily investment opportunity offered at an attractive 6.0% cap rate. This well-maintained asset features a highly desirable unit mix of 14 spacious two-bedroom one-bathroom units and 2 one-bedroom/one-bathroom units, all of which have been recently updated. With 100% occupancy and strong in-place income, the property offers true turnkey ownership with minimal near-term capital requirements. Strategically located in the heart of Inman Park, one of Atlanta’s most sought after and walkable neighborhoods, the property offers convenient access to both Inman Park Village and Little Five Points. Tenants enjoy immediate proximity to an eclectic mix of award-winning restaurants, vibrant nightlife, boutique retail, and cultural attractions. The neighborhood’s tree-lined streets, historic charm, and connectivity to the Atlanta BeltLine further enhance its appeal, driving consistent rental demand and long-term value appreciation. The Flats represents a rare opportunity to acquire a stabilized, income-producing asset in a premier intown Atlanta location with strong fundamentals, limited supply, and continued growth potential.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

16

PRICE/UNIT

$212,500

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recently Renovated Multifamily Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

RG-3

APN/PARCEL ID

14-0014-0003-043-2

ASK ABOUT THIS PROPERTY

Andy LundsbergBull Realty Inc.More Info
404-876-1640

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Andy LundsbergBull Realty Inc.More Info
404-876-1640

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