1393 Markan Dr NE - Multi-Family FOR SALE


Atlanta, GA 30306- Morningside-Lenox Park
$900,000 USD
470-983-9993
1393 Markan Dr NE, Atlanta, GA for Sale
$900,000 USD
Multi-Family - FOR SALE
1/43
null | Request Cap Rate

1393 Markan Dr NE
Atlanta, GA 30306
Morningside-Lenox Park


HIGHLIGHTS

  • Development Upside: Existing plans for a new 3-story, 4-unit multifamily building, creating the potential for 6 total units on site.
  • Turnkey Income: Both units were fully renovated and furnished in 2021, with more than 3 years of documented short-term rental income.
  • Flexible Investment Strategy: Continue operating as furnished short-term rentals, transition to traditional long-term leases, or pursue the planned ex
  • Prime Location: Convenient to Emory, the CDC, major healthcare institutions, Virginia-Highland, Druid Hills, Toco Hills, and Decatur.

OVERVIEW

1393 & 1395 Markan Drive NE is a furnished duplex located in Atlanta’s Morningside/Emory area, minutes from Emory University, the CDC, Emory University Hospital, the VA Medical Center, Virginia-Highland, and Druid Hills. The property has an established short-term rental history and also offers significant development upside through existing architectural plans for four additional units at the rear of the site. This provides a unique opportunity to acquire an income-producing duplex with a turnkey furnished operation today and meaningful multifamily development potential for the future. Price: $900,000 Units: 2 Units – 3 Bed / 2 Bath Each Size: ±1,650 SF Each Zoning: MR-2 – Medium-Density Residential Expansion: Plans for 4 Additional Units (6 Total Units) - Development Upside: Existing plans for a new 3-story, 4-unit multifamily building, creating the potential for 6 total units on site. - Turnkey Income: Both units were fully renovated and furnished in 2021, with more than 3 years of documented short-term rental income. - Flexible Investment Strategy: Continue operating as furnished short-term rentals, transition to traditional long-term leases, or pursue the planned expansion. - Prime Location: Convenient to Emory, the CDC, major healthcare institutions, Virginia-Highland, Druid Hills, Toco Hills, and Decatur.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

2

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1393 Markan Drive NE, Atlanta, GA 30306

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,517 SF

ZONING

MR-2

APN/PARCEL ID

18-055-04-012

ASK ABOUT THIS PROPERTY

Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

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Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

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