1247 Joseph E. Boone Blvd - Apartments FOR SALE


Atlanta, GA 30314- Bankhead
$6,400,000 USD
404-876-1640
1247 Joseph E. Boone Blvd, Atlanta, GA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1247 Joseph E. Boone Blvd
Atlanta, GA 30314
Bankhead


OVERVIEW

PROPERTY OVERVIEW • 64-Unit Value-Add Multifamily in Westside Atlanta • Mix of 1 bed, 2 bed and 3 bed units • Within walking distance to future Westside BeltLine Trail • Located in a qualified opportunity zone- see page 14 for more details • Partially renovated with several recent updates throughout • All units have central HVAC • Gated with large internal grassed courtyard area • Playground in rear with large community garden and covered pavilion • MARTA bus line accessible • Easy access to downtown Atlanta RECENT IMPROVEMENTS (RENOVATIONS) • 51/64 units have been converted to all electric with updated breaker boxes • 38/64 units have washer/dryer connections • 19 out of the 38 units above have dishwashers • Several units have been upgraded to instant hot water heaters • Replaced windows and exterior doors • Some electric meters on specific buildings were replaced • Interior cosmetic renovations as needed (LED lighting, cabinets, flooring, paint, sinks, tubs, toilets, plumbing, appliances, etc.)- roughly 54 units

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

64

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Multifamily Near West BeltLine

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.74 AC

LAND SF

162,914 SF

ZONING

RG3

APN/PARCEL ID

14-0143-0010-011-4

ASK ABOUT THIS PROPERTY

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

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

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