514 Sunset Ave NW - Apartments FOR SALE


Atlanta, GA 30318- English Avenue
$680,000 USD
404-876-1640
514 Sunset Ave NW, Atlanta, GA for Sale
$680,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

514 Sunset Ave NW
Atlanta, GA 30318
English Avenue


HIGHLIGHTS

  • Fully renovated in 2018 with updated systems and modern finishes.
  • Located in a Qualified Opportunity Zone, offering potential tax incentives.
  • Two blocks from the Westside Beltline Connector Trail and near Georgia Tech.
  • Fenced private greenspace at the rear of the property.
  • Easy access to I-75, I-85, Northside Drive, and MARTA transit options.
  • Situated in a high-growth area with multiple new developments nearby.

OVERVIEW

514 Sunset Ave NW presents an 8-unit multifamily investment opportunity in Atlanta’s English Avenue neighborhood, just two blocks from the Westside Beltline Connector Trail and within walking distance of Georgia Tech. The property is currently 100% vacant and offered as a bank foreclosure, sold “as is.” It underwent a full gut renovation in 2018, including new electrical, plumbing, mechanical systems, and interior and exterior upgrades. This two-story building offers unobstructed views of the downtown Atlanta skyline and includes a fenced private greenspace at the rear. Located in a Qualified Opportunity Zone, the property provides potential tax advantages for investors. The site benefits from proximity to major transportation routes, including I-75, I-85, and Northside Drive, as well as MARTA access. The surrounding area is experiencing significant growth, with new developments such as Echo Street West contributing to neighborhood revitalization.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

8

PRICE/UNIT

$85,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Multifamily Opportunity | West Midtown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

SPI-3 SA3

APN/PARCEL ID

14-0111-0002-154-0

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.