True-value add opportunity in the West End area of Atlanta. Located directly across from the historic Westview Cemetery with Marta bus access in front of the property. The current owner has not made any efforts to raise rents or lease units in anticipation of a sale. All rents are significantly below market with an avg. in place rent of only $850/unit. Hence this is not an cap rate sale as the property is currently only 60% occupied. Being sold as is, as a value-add opportunity, not based on current income.
All units are 2 bed/ 1 bath floorplans in classic condition with a few select units upgraded to accommodate Airbnb use. All units have central HVAC with in-unit laundry connections. The property is separately metered for electric and gas. Water is common.
Easy access to I-20, downtown Atlanta and the popular West End Neighborhood