1200 Utoy Springs Rd - Apartments FOR SALE


Atlanta, GA 30331- West Atlanta
$2,999,999 USD
562-882-5409
1200 Utoy Springs Rd, Atlanta, GA for Sale
$2,999,999 USD
Apartments - FOR SALE
1/10
null | 7.76% Cap Rate

1200 Utoy Springs Rd
Atlanta, GA 30331
West Atlanta


HIGHLIGHTS

  • Located in the established Cascade Heights neighborhood
  • Strong proximity to retail and daily-needs amenities
  • Convenient access to employment, retail, and services
  • Across the street from Starbucks and Publix
  • Close to main shopping corridors
  • Approximately 10 minutes from Downtown Atlanta / City Hall

OVERVIEW

The property at 1200 Utoy Springs Road, Atlanta, GA 30331 is being offered for sale at $2,999,999 and consists of a 34-unit multifamily community. The asset currently generates an approximate NOI of $232,936 and presents an opportunity for investors seeking stabilized cash flow in a well-located Atlanta submarket. Definitely added value, with seller financing structure that makes this property work. This new property owner can find an immediate increase NOI, with this 5 building multifamily building. The secret sauce is a value-add multifamily with immediate forced appreciation. This represents a 4.2 to 5 million valuation in a short time with just small tweaks. A new buyer or group, can't loose with this large 5 unit complex, and great addition to any portfolio. Increase you net worth in 6 months! Note: Property has 2 high output BTU's gas water heater, new roof on 4 of the 5 buildings, replaced all in-ground plumbing with copper pipe, new gutters thru-out each building, and a upgraded electric panels, also property has washer/dryers availability at the new owners expense.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$105 USD /SF

# OF UNITS

34

PRICE/UNIT

$88,235

CAP RATE

7.76%

% LEASED

79%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Utoy Springs PRICE REDUCTION

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

C1

APN/PARCEL ID

14F-0010-LL-042-6

ASK ABOUT THIS PROPERTY

Mark PickensPendulum CapitalMore Info
562-882-5409

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Mark PickensPendulum CapitalMore Info
562-882-5409

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