28-Unit Apartment Complex | Prime Atlanta Location | Value-Add Opportunity
This is a rare opportunity to acquire a 28-unit multifamily asset where the heavy lifting has already been done. The property is nearly fully renovated with only light cosmetic finishing touches remaining, making it an easy value-add play for the next investor.
Key Highlights
Extensive Renovations Completed:
Landscaping & hardscaping upgraded
New signage installed
Electrical & fire systems brought to code
All stairwells & interiors freshly painted with new LVP flooring
All leaks repaired, everything in working order
LED & solar lighting throughout
New kitchens with granite countertops and stainless steel appliances (20 completed, 8 remaining)
10 new bathrooms installed
Washer/dryer connections in every unit; some units already equipped with washer/dryer sets
Roofs in excellent condition
Strong Market Position:
Appraised at $4.2M vacant at start of renovations—value now enhanced with upgrades and leasing progress
Newly renovated units renting at $2,300/month, opportunity to market remaining 21 according to new marketing plan
Unrenovated units at $1,705/month, fully furnished guest apartments rent for $2500/month
Currently seven units are occupied with traditional long term leases, with substantial upside through continued lease-up/marketing, adding storage areas
Investor Upside:
Home run opportunity to complete light cosmetic work and add storage at investor’s pace
Minimal deferred maintenance & easy-to-manage buildings
Bridge loan or cash needed until stabilization, but NOI strong under strict lender-based underwriting
Seller open to Joint Venture partnership and can continue marketing/management if desired
Fantastic Location:
Just north of downtown in a prime location Buckhead/Brookhaven 20 minutes to most major Atlanta destinations
Scenic surroundings in a renter-friendly community with strong demand
Summary:
This property offers the ideal combination of proven renovation work, stabilized operations groundwork, and immediate upside potential. With nearly all major capital projects completed, the next owner can focus on lease-up and light cosmetic improvements to maximize value.