$1,395,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.219
Open Houses
-
year built
1955
Full Baths
0
Half Baths
0
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
Location | |
Subdivision | NONE |
County | Fulton |
Elementary School | Out of Area |
Middle School | Sylvan Hills |
High School | MH Jackson Jr |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 10482025
Listing agent:
Stephan Dickie
Listing broker:
Atlanta Leasing & Investment
(404) 348-4448
Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Friday, March 21 2025 at 3:04 p.m. EDT
Kotohomes National
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