516 NE Boulevard - Apartments FOR SALE


Atlanta, GA 30308- Old Fourth Ward
$1,850,000 USD
404-876-1640
516 NE Boulevard, Atlanta, GA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

516 NE Boulevard
Atlanta, GA 30308
Old Fourth Ward


OVERVIEW

Incredible value-add opportunity to purchase two 4 unit buildings next to each other in the heart of the popular O4W neighborhood of Atlanta. All units are large 3 bed units with in-unit laundry and off street parking in the rear with 2 driveway access points. Both buildings have had significant recent exterior and mechanical updates including all new water heaters, hardiplank siding, new roofs and new HVACs as needed. In addition, 3 of the units have been completely remodeled and 1 partially remodeled with the remaining units in classic condition. Great opportunity for a savvy investor to complete renovations and turn these into strong cash flowing assets with future redevelopment opportunity.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two 4-Unit Multifamily Properties (8 Units)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RG-4

APN/PARCEL ID

14-0047-0002-065-7

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.