1944 Dunlap Ave - Apartments FOR SALE


East Point, GA 30344
$5,499,000 USD
503-953-0085
1944 Dunlap Ave, East Point, GA for Sale
$5,499,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

1944 Dunlap Ave
East Point, GA 30344


HIGHLIGHTS

  • Below-market rents create immediate potential for increased income through rent adjustments
  • Value-add upside through targeted renovations and improved property management
  • Prime location near Hartsfield-Jackson Atlanta International Airport, attracting a steady tenant base
  • Desirable proximity to Woodward Academy, one of the most prestigious private schools in the region
  • Located in a revitalizing submarket benefiting from ongoing public and private investment

OVERVIEW

This property is offered for sale as a portfolio with Alison Court located at 2045-2065 Alison Court in Atlanta, GA 30311. The properties can be sold separately. Portfolio price is $7,198,000. Marcus & Millichap is pleased to present for sale Dunlap Royal Apartments. The property offers a compelling value-add investment opportunity in one of Atlanta’s most dynamic and evolving neighborhoods. The property benefits from below-market rents, providing substantial room for revenue growth through thoughtful renovations and improved operational management. Located just minutes from Hartsfield-Jackson Atlanta International Airport and directly adjacent to the esteemed Woodward Academy, the asset is ideally situated to attract stable, long-term tenants. With its combination of strong fundamentals, strategic positioning, and untapped potential, Dunlap Royal Apartments is well-suited for investors seeking both immediate upside and long-term value.

FOR SALE DETAILS

PRICE

$5,499,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

73

PRICE/UNIT

$75,329

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunlap Royal Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

R3

APN/PARCEL ID

14-0163-0017-064-1

ASK ABOUT THIS PROPERTY

Harold ShepardMarcus & MillichapMore Info
503-953-0085

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Harold ShepardMarcus & MillichapMore Info
503-953-0085

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