1783 Ridgewood Dr NE - Apartments FOR SALE


Atlanta, GA 30307- Druid Hills
$875,000 USD
404-876-1640
1783 Ridgewood Dr NE, Atlanta, GA for Sale
$875,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1783 Ridgewood Dr NE
Atlanta, GA 30307
Druid Hills


HIGHLIGHTS

  • 1783 Ridgewood Drive NE is a value-add opportunity with average units (basic finishes) and below market rents.
  • Walking distance to Emory University campus – ideal for students, professors, and other personnel.
  • The spacious units have access to a shared outdoor patio/ firepit area and one unit has a private deck.
  • Off-street parking is available for all units, there is on-site laundry (one unit has in-unit laundry; others share a communal laundry area).
  • Units in the main house have central HVAC, while units in the rear have window units.

OVERVIEW

1783 Ridgewood Drive NE is a rare multifamily opportunity in walking distance of Emory University. All four units are below-market rents, allowing for significant upside for a new owner as leases end. There are two buildings on one large parcel with off-street parking for up to seven cars. The main unit is a large two-bedroom/ one-bath + a den with its own private deck and in-unit laundry. The other units consist of a two-bed/one-bath and two identical one-bed/ one-bath units in the rear building. There is shared laundry and outdoor patio space.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

4

PRICE/UNIT

$218,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

R-75

APN/PARCEL ID

18-004-17-007

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.