1240 Oakland Dr - Apartments FOR SALE


Atlanta, GA 30310- Venetian Hills
$200,000 USD
404-723-4464
1240 Oakland Dr, Atlanta, GA for Sale
$200,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1240 Oakland Dr
Atlanta, GA 30310
Venetian Hills


HIGHLIGHTS

  • STARTING BID $200,000 | Bolden Townhomes | Atlanta MSA | AUCTION NOVEMBER 17-19
  • All-Vacant Units – Immediate scale for repositioning and lease-up.
  • Partial Capital Improvements Completed – New windows and HVAC condensers in many units reduce CapEx burden.
  • BeltLine Connectivity – Near Southside Trail access, with future Oakland City connector trail planned.
  • Proximity to Major Catalyst – Adjacent to Tyler Perry Studios and proposed Entertainment District.
  • Intown Growth Story – Located in one of Atlanta’s fastest-growing intown submarkets with improving demographics and strong demand drivers.

OVERVIEW

Marcus and Millichap is pleased to present Bolden Townhomes, a 60-unit, one-bedroom/two-bathroom townhome-style multifamily property located in the heart of Southwest Atlanta. Fully vacant and featuring many units with new windows and HVAC condensers, the property presents a significant value-add opportunity for investors to lease-up and reposition. Its prime location near the Atlanta BeltLine and the proposed Tyler Perry Entertainment District positions it for strong long-term growth and enhanced market demand. Located just minutes from the Atlanta BeltLine’s Southside Trail, with a planned connector enhancing access, this area offers strong walkability and regional connectivity. It's less than two miles from the proposed Tyler Perry Entertainment District at Fort McPherson, a major mixed-use development near Tyler Perry Studios. Residents benefit from quick access to Downtown, Midtown, and Hartsfield-Jackson Airport. Several key economic drivers are fueling growth in the area. The film and entertainment industry, led by Tyler Perry Studios and Atlanta’s broader media landscape, continues to expand, creating jobs and attracting professionals who seek nearby housing. The Atlanta BeltLine has spurred over $8 billion in private investment, transforming neighborhoods and increasing demand for both residential and commercial space. Meanwhile, Southwest Atlanta—including Oakland City—is experiencing rapid infill development, driven by strong demand for intown living and improved regional connectivity.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$4 USD /SF

# OF UNITS

60

PRICE/UNIT

$3,333

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - REO Sale: Bolden Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

120

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

RG2

APN/PARCEL ID

14-0120-0001-017-9

ASK ABOUT THIS PROPERTY

Marco WelchMetropolitan Multifamily & InvestmentsMore Info
404-723-4464

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Marco WelchMetropolitan Multifamily & InvestmentsMore Info
404-723-4464

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