620 Glen Iris Dr - Apartments CONDO FOR SALE


Atlanta, GA 30308- Old Fourth Ward
$550,000 USD
770-209-1700
620 Glen Iris Dr, Atlanta, GA for Sale
$550,000 USD
Apartments CONDO - FOR SALE
1/16
null | 12.12% Cap Rate

620 Glen Iris Dr
Atlanta, GA 30308
Old Fourth Ward


HIGHLIGHTS

  • Across from Ponce City Market
  • Stroll to the Beltline and Old Fourth Ward Park
  • Ground floor commercial units off attractive landscaped courtyard
  • Guest and dedicated secured parking
  • Co-working space, conference room and fitness studio available for use

OVERVIEW

This 5 year leased investment provides a 12% return in year one on $66,662 projected net income. The base rent of $78,000 per year increases 3% annually. The 1,500 SF+- commercial condominium loft was built out as a two level hookah lounge with kitchen and full bar. In 2025, a five year lease was executed with a new business owner and renovations were completed for an interior refresh. The property is located in the Ponce Springs Loft across from Ponce City Market, one of Atlanta's most popular neighborhoods. A short stroll from the Old Fourth Ward Park and the Beltline, the location provides access to a large base of customers in a vibrant neighborhood. The unit is conveyed with two secured parking deck spaces. As a bonus, the unit owner has access to the condominium’s amenities including a comfortable club room-work space with catering kitchen, conference room, outdoor fountained courtyard and equipped fitness studio.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

12.12%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Units For Sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

114,257 SF

STORIES

5

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

PD-MU

APN/PARCEL ID

14-0048-0012-144-7

ASK ABOUT THIS PROPERTY

Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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

Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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