641 Powder Springs St SE - Apartments FOR SALE


Smyrna, GA 30080- Near-In Cobb
$1,500,000 USD
404-876-1640
641 Powder Springs St SE, Smyrna, GA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

641 Powder Springs St SE
Smyrna, GA 30080
Near-In Cobb


OVERVIEW

Rare opportunity to purchase a true value-add multifamily deal in the popular north-metro Atlanta suburb of Smyrna. The property is currently approximately 60% occupied and is not stabilized and is being offered as a value-add opportunity with significant upside potential through lease-up and operational improvements. Please refer to the pro forma on page six for projected stabilized performance. The complex consists of 14 spacious 1-bedroom/1-bath units, all with large eat-in kitchens. The majority of the current rents are well below market, allowing for significant upside for a new owner through lease-up and cosmetic interior improvements. All units feature central HVAC and separate water heaters. The property also offers ample off-street parking, a coin laundry room on-site, and a large basement area for storage. Located just off S. Cobb Drive, the property sits approximately half a mile from Campbell HS and provides easy access to Downtown Smyrna, Truist Park/The Battery Atlanta, and I-285 and I-75.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

RM12

APN/PARCEL ID

17-0376-0-055-0

ASK ABOUT THIS PROPERTY

Ilona BermanBull Realty Inc.More Info
404-876-1640

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Ilona BermanBull Realty Inc.More Info
404-876-1640

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