1701 Hawthorne Ave - Apartments FOR SALE


College Park, GA 30337
$2,500,000 USD
678-608-2546
1701 Hawthorne Ave, College Park, GA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/25
null | 7% Cap Rate

1701 Hawthorne Ave
College Park, GA 30337


HIGHLIGHTS

  • All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes.
  • Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance.
  • On Site Maintenance Shed
  • Proximity to Hartfield Jackson international Airport and Woodward Academy

OVERVIEW

Exceptional 16-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7–8% cap rate and immediate cash flow with over $261,000 in annual income. The community features 12 spacious 2-bed/1-bath units and 4 well-designed studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, fiber-optic wiring, and a crawl space foundation that reduces upkeep expenses. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

7%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

38,002 SF

ZONING

R3

APN/PARCEL ID

14-0159-0014-066-5

ASK ABOUT THIS PROPERTY

Tim HardemanHardeman Real EstateMore Info
678-608-2546

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Tim HardemanHardeman Real EstateMore Info
678-608-2546

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