top of page
Search

Buy&Hold (Multifamily): (48 Units) 2060 Alison Ct SW, Atlanta, GA 30311 + $4,800,000

Multifamily Investment Opportunity











Price

$4,800,000


Investment Opportunity: 48-Unit Apartment Complex in Atlanta, GA


Location: 2060 Alison Ct SW, Atlanta, GA 30311


Purchase Price: $4,800,000


Investment Highlights:

  • Value-Add Opportunity: Most leases are at $960, 9.5% below market rent; few at $800, 25% below market rent. Also great opportunity to increase occupancy.

  • Potential for Revenue Increase: Renew current leases to $1,060 new rent, increasing revenue by 25% to 9.5%.

  • Strategic Location: Positioned for rapid development due to Atlanta BeltLine Strategic Implementation Plan.



Property Facts:

  • No. Units: 48

  • Building Size: 45,256 SF

  • Property Type: Multifamily

  • Average Occupancy: 60%

  • Property Subtype: Apartment

  • No. Stories: 2

  • Year Built/Renovated: 1963/2021

  • Building Class: C

  • Parking Ratio: 1.51/1,000 SF

  • Lot Size: 2.05 AC


Unit Amenities:

  • Heating

  • Ceiling Fans

  • Tile Floors

  • Kitchen: Refrigerator, Oven, Stainless Steel Appliances

  • Tub/Shower

  • Walk-In Closets

  • Carpet

  • Dining Room

  • Family Room

  • Vinyl Flooring


Site Amenities:

  • Fenced Lot

  • Property Manager on Site

  • Security System

  • Maintenance on Site

  • Public Transportation


Unit Mix Information:

  • Description: 2+1

  • No. Units: 48

  • Avg. Rent/Mo: $1,010

  • SF: 800 - 850


Transportation:

  • TRANSIT/SUBWAY:

  • Lakewood/Ft Mcpherson MARTA (Red Line, Gold Line): 5 min drive, 2.4 mi

  • East Point MARTA (Red Line, Gold Line): 6 min drive, 2.3 mi

  • Oakland City MARTA (Red Line, Gold Line): 5 min drive, 2.6 mi

  • West End MARTA (Red Line, Gold Line): 7 min drive, 4.0 mi

  • College Park MARTA (Red Line, Gold Line): 8 min drive, 4.1 mi

  • AIRPORT: Hartsfield - Jackson Atlanta International: 15 min drive, 8.2 mi


Property Taxes:

  • Parcel Number: 14-0167-0004-012-1

  • Improvements Assessment: $668,300

  • Land Assessment: $600,000

  • Total Assessment: $1,268,300

Zoning:

  • Zoning Code: RG3 (Residential)


Submit Offers:All offers should be submitted directly to investments@promiselandrealtyllc.com.

This is a prime opportunity to invest in a well-located property with significant upside potential. Value add lies in increasing occupancy and Don't miss out on this value-add opportunity in Atlanta's growing market.


Property Aerial View



Property Map



"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"






PROMISE LAND REALTY, LLC


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

138 views0 comments
bottom of page