3164 Cushman Cir SW - Apartments FOR SALE


Atlanta, GA 30311- Harland Terrace
$250,000 USD
404-723-4464
3164 Cushman Cir SW, Atlanta, GA for Sale
$250,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

3164 Cushman Cir SW
Atlanta, GA 30311
Harland Terrace


HIGHLIGHTS

  • STARTING BID $250,000 | Bolden Courts | 48 Units | 25% Occupied | AUCTION FEBRUARY 16-18
  • Low In-Place Occupancy (25%) – Significant upside through lease-up and operational stabilization.
  • 48-Unit Multifamily Asset – Efficient scale for hands-on value-add execution.
  • Desirable Unit Mix – 100% two-bedroom / one-bathroom units support strong renter demand and longer tenant tenure.
  • Exterior Capital Improvements Completed – Prior ownership completed exterior upgrades, reducing near-term CapEx requirements.
  • Value-Add Repositioning Opportunity – Ability to enhance cash flow through professional management, targeted leasing, and incremental unit improvement

OVERVIEW

Marcus & Millichap is pleased to present Bolden Courts, a 48-unit multifamily property located at 3164 Cushman Circle, Atlanta, GA (the “Property”). The Property features a highly desirable unit mix of all two-bedroom/one-bathroom units and is currently operating at 25% physical occupancy, presenting a compelling value-add and lease-up opportunity for investors. There are currently 9 pending evictions at the property. The asset benefits from exterior upgrades completed by the previous owner, improving curb appeal and reducing immediate capital needs. With substantial vacancy in place, investors have the opportunity to implement a focused lease-up strategy, stabilize operations, and drive meaningful NOI growth through improved occupancy and management efficiencies. Located within an established Southwest Atlanta residential corridor, the property offers convenient access to major transportation routes connecting residents to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport. The surrounding area continues to experience strong demand for well-located, affordable multifamily housing, supported by population growth and expanding employment centers throughout the metro.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$5 USD /SF

# OF UNITS

48

PRICE/UNIT

$5,208

CAP RATE

Request Cap Rate

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - REO Sale: Bolden Courts | 48 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,811 SF

ZONING

RG3C

APN/PARCEL ID

14-0237-0004-043-2

ASK ABOUT THIS PROPERTY

Marco WelchMetropolitan Multifamily & InvestmentsMore Info
404-723-4464

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Marco WelchMetropolitan Multifamily & InvestmentsMore Info
404-723-4464

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