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
1/5
null | Request Cap Rate

1783 Ridgewood Dr NE
Atlanta, GA 30307
Druid Hills


HIGHLIGHTS

  • 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
  • Spacious units
  • Off-street parking available for all units | On-site laundry (one unit has in-unit laundry; others share a communal laundry area)
  • Unit 1 has a private deck, while other units have access to a shared outdoor patio/firepit area
  • Units in main house have central HVAC, while units in rear have window units

OVERVIEW

Rare multifamily opportunity walking distance to Emory University. All 4 units are at below market rents allowing for significant upside for a new owner as leases end. There are 2 buildings on one large parcel with off-street parking for up to 7 cars. The main unit is a large 2 bedroom/ 1 bath + den with it's own private deck and in-unit laundry. The other units consist of a 2 bed/1 bath and two identical 1 bed/ 1 bath units in the rear building. 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 NAME

4-Unit Multifamily Steps From Emory

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

-

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.