695 Cameron M Alexander Blvd NW - Apartments FOR SALE


Atlanta, GA 30318- English Avenue
$1,200,000 USD
404-876-1640
695 Cameron M Alexander Blvd NW, Atlanta, GA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

695 Cameron M Alexander Blvd NW
Atlanta, GA 30318
English Avenue


HIGHLIGHTS

  • This value-add multifamily investment includes 10 units, currently 50% occupied by short-term leases, offering immediate growth potential.
  • Remaining units are down and in need of renovation, allowing the upside to update the building and capture growing submarket rents.
  • Fantastic location places the complex within walking distance to Georgia Tech University and Coca-Cola Headquarters.
  • This building attracts tenants with convenient access to Midtown, West Midtown, and Interstates 75 and 85.

OVERVIEW

695 Cameron M Alexander Boulevard NW offers a 10-unit value-add multifamily opportunity near downtown Atlanta. The property is currently only 50% occupied with short-term leases, making it ideal for an investor who wants to renovate immediately and increase rents. The other 50% of units are down and need 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 three years. The opportunity provides incredible upside, with subsidized rents for similar units in the area as high as $1800+ per month. 695 Cameron M Alexander Blvd NW is placed 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 a 30% down payment.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

10

PRICE/UNIT

$120,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Unit Value-Add Near Downtown Atlanta

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

SPI 3, SA 3

APN/PARCEL ID

14-0111-0002-155-7

ASK ABOUT THIS PROPERTY

Andy LundsbergBull Realty Inc.More Info
404-876-1640

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

Andy LundsbergBull Realty Inc.More Info
404-876-1640

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