695 Cameron M Alexander Boulevard NW offers a 10-unit value-add multifamily opportunity near downtown Atlanta. The property is currently only 60% occupied with tenants at will, making it ideal for an investor who wants to renovate immediately and increase rents. The other 40% of units are down and need full renovation. All the two-bed units have central heat and window AC, and the two one-bed units have window heat and AC. The building’s roof and gutters have been replaced within the last 5 years.
695 Cameron M Alexander Blvd NW is situated in a great up-and-coming location within walking distance to Georgia Tech University and Coca-Cola Headquarters. The property is located just one block from the new Westside Beltline Spur, a great amenity which connects to the Mercedes Benz Stadium and the Westside Beltline. There are many new developments in the area, including Echo West, the new Westside Quarry Park and more. This fantastic location provides easy access to Midtown, West Midtown, and Interstates 75 and 85.
Owner financing is available for qualified purchasers with at least a 30% down payment, 6% interest, 3-5 yr balloon. 1st lien position only. Owner financing terms are non-negotiable.
Current gross rents on the 6 occupied units are around $6,400.00 per month.