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 Financials: https://drive.google.com/drive/folders/1cAIa29kAgaxjJ8pPaSO2eB_iemSVfqMd?usp=share_link
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.
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