2400 Beverly Hills Dr - Apartments FOR SALE


Atlanta, GA 30341- Chamblee
$2,150,000 USD
404-903-5313
2400 Beverly Hills Dr, Atlanta, GA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/13
null | 5.94% Cap Rate

2400 Beverly Hills Dr
Atlanta, GA 30341
Chamblee


HIGHLIGHTS

  • 100% Occupied Multifamily Asset – The property consists of 8 fully leased apartment units, providing investors with immediate and stable rental income
  • Value-Add Redevelopment Opportunity – The site has the potential to support the development of up to 24 apartment units.
  • Investors benefit from stable current income while maintaining the opportunity to redevelop the property into a higher-density 24-unit multifamily

OVERVIEW

Introducing a rare multifamily investment opportunity located in the highly desirable Chamblee submarket of Atlanta. Situated at 2400 Beverly Hill Dr, this 7,109 square foot apartment building features 8 fully occupied residential units, providing investors with a stable and reliable income-producing asset. Originally constructed in 1963 and renovated in 2017, the property blends classic mid-century construction with modern upgrades that appeal to today’s renters. The building currently operates at 100% occupancy, generating consistent cash flow while offering investors the opportunity to capitalize on future rent growth in a rapidly developing area of Metro Atlanta. The property is zoned RM-75, creating a unique value-add and redevelopment opportunity. Based on the zoning and site configuration, the property has the potential to support the development of up to 24 apartment units, allowing investors or developers to significantly increase density and maximize the long-term value of the site. Located near major transportation routes such as Interstate 285 and Interstate 85, the property offers convenient access to Atlanta’s key employment centers, retail districts, and lifestyle amenities. The surrounding area continues to benefit from strong residential demand and ongoing redevelopment activity. With its current income stream, full occupancy, and significant redevelopment potential, 2400 Beverly Hill Dr presents a compelling opportunity for investors seeking to expand their multifamily or low-rise/garden apartment portfolio. Whether maintained as a cash-flowing asset or redeveloped into a higher-density project, this property offers both immediate returns and long-term growth potential in one of Metro Atlanta’s most active investment corridors.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

RM75

APN/PARCEL ID

18-280-03-004

ASK ABOUT THIS PROPERTY

Willie AcreeBerkshire Hathaway Commercial DivisionMore Info
404-903-5313

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

Willie AcreeBerkshire Hathaway Commercial DivisionMore Info
404-903-5313

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