1294 Piedmont Ave NE - Apartments FOR SALE


Atlanta, GA 30309- Ansley Park
$2,700,000 USD
404-216-2106
1294 Piedmont Ave NE, Atlanta, GA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/11
null | 5.81% Cap Rate

1294 Piedmont Ave NE
Atlanta, GA 30309
Ansley Park


HIGHLIGHTS

  • AAA Location with walkable access to Piedmont Park and the Atlanta Beltline
  • Attractive Loan Assumption at fixed 4.72% Fannie Mae loan with maturity in June 2031
  • Turn-Key Property with 100% Renovated Interiors and 100% Occupied Cash Flowing Asset

OVERVIEW

• 16-unit turn-key multifamily asset directly across from Piedmont Park and the Atlanta Botanical Gardens • Accretive assumable Fannie Mae financing in place at a significant below-market rate • Unit mix of 8 fully renovated studio apartments and 8 fully renovated one-bedroom/one-bath units • All units feature in-unit laundry and separate central HVAC systems • Eat-in kitchens with granite countertops, stainless steel appliances, tiled kitchen backsplash, and gooseneck faucets • Significant capital improvements completed at the property since 2017, including all new roofs, windows, and fully renovated unit interiors • Community amenities include bike storage, central mail kiosk, dog grooming station, and on-site parking (3 spaces) plus garage parking (4 spaces) • Zero deferred maintenance — stabilized, income-producing asset with immediate cash flow from day one • A+ Intown Atlanta location — walkable to Piedmont Park, the Atlanta Botanical Gardens, the Eastside BeltLine Trail, and the Midtown business district, with Midtown views to match

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

16

PRICE/UNIT

$168,750

CAP RATE

5.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RG3

APN/PARCEL ID

17-0055-0004-027-7

ASK ABOUT THIS PROPERTY

Jack MarbutCushman & WakefieldMore Info
404-216-2106

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

Jack MarbutCushman & WakefieldMore Info
404-216-2106

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