314 NE 5th St - Apartments FOR SALE


Atlanta, GA 30308- Midtown Garden District
$1,685,000 USD
404-876-1640
314 NE 5th St, Atlanta, GA for Sale
$1,685,000 USD
Apartments - FOR SALE
1/14
null | 7% Cap Rate


HIGHLIGHTS

  • Prime Midtown location - walkable to nearby Piedmont Park, Eastside Beltline and more.
  • Long term tenants: 1 tenant for ~5 years. 3 tenants for almost 3 years. 2 tenants for almost 2 years.
  • Recently renovated in 2021
  • Updated interiors featuring new kitchens, baths, flooring, lighting, and more
  • 100% occupied with stable long-term tenants | Strong leasing demand / low vacancy submarket
  • Easy low maintenance management | All units have in-unit laundry

OVERVIEW

Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta Housing Authority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

8

PRICE/UNIT

$210,625

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown (ATL)- 8 Unit Multifamily Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R5

APN/PARCEL ID

14-0047-0002-107-7

ASK ABOUT THIS PROPERTY

Andy LundsbergBull Realty Inc.More Info
404-876-1640

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Andy LundsbergBull Realty Inc.More Info
404-876-1640

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