1514 Northwest Dr NW - Apartments FOR SALE


Atlanta, GA 30318- Brookview Heights
$4,300,000 USD
404-876-1640
1514 Northwest Dr NW, Atlanta, GA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/27
null | 7.4% Cap Rate

1514 Northwest Dr NW
Atlanta, GA 30318
Brookview Heights


HIGHLIGHTS

  • All spacious 2-story, 2 bedroom / 1.5 bath townhouse style units with exception of one 3-bedroom flat
  • All 2-bedroom units have large eat-in kitchens with private rear patios
  • Attractive Assumable Debt at 62% LTV, 3.49% interest fixed until 1/1/2029. Call agent for more details
  • All electric units with central HVAC | Onsite laundry room | Onsite workshop / maintenance area for staff
  • Ample off-street surface parking | Common area greenspace for use by all tenants
  • Gentrifying area of town inside I-285 with several new developments nearby

OVERVIEW

This 41-unit value-add multifamily on the bustling westside, is awaiting your cosmetic improvements to raise rents and create instant equity. All of the units are in average condition allowing for significant upside as units turnover, implementing a light value-add strategy. Most all of the units are spacious townhouse style floorplans making them great for those wanting separation between tenants above in a typical flat style apartment building. In addition, these feel like homes with up front parking and walk-up entrances with private rear patios. With Marta nearby and easy access to I-285, one can get to nearby attractions like Truist Park, Cumberland Mall, Atlanta Int’l Airport and downtown Atlanta within minutes. For financials, please complete the online confidentiality agreement found here: https://www.bullrealty.com/properties/sale/1522708?propertyId=1522708-sale

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

41

PRICE/UNIT

$104,878

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Opportunity | 41 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

RG-3

APN/PARCEL ID

17-0261-LL-060-3

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 Policy.