Rare opportunity to acquire an 80-unit apartment complex at a steep discount inside I-285 in Atlanta. The property is currently in need of renovation with only 25% of the units online (10% of which are currently occupied). The other 75% of the units have differing degrees of damage and deferred maintenance including some fire damage (affecting 4 units), past water damage and vandalism. The property last sold for $10,000,000 in December of 2022 as a stabilized asset proving significant value-add potential with the right vision and execution. Highlights: • Spacious units with separate dining areas and ample closet space • Potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans • All units have private balconies off the living rooms • Onsite leasing office (80th unit) • Gated property with large greenspace/courtyard between the buildings and mature trees • Underutilized basement space in one of the buildings that could be converted to onsite laundry • Plenty of excess land to add a playground and/or other amenities • Potential redevelopment opportunity in the future with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta • Adjacent to Cleveland Avenue Elementary School • Easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport