208 SW Doane St - Apartments FOR SALE


Atlanta, GA 30315
$1,395,000 USD
404-435-8149
208 SW Doane St, Atlanta, GA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

208 SW Doane St
Atlanta, GA 30315


HIGHLIGHTS

  • Easy access to I-85
  • Summerhill Neighborhood
  • 90% leased

OVERVIEW

Atlanta Leasing & Investment is pleased to present an exceptional opportunity to acquire a 10-unit, property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This asset offers quick access to I-85, providing easy connectivity to Downtown Atlanta. 90% occupied, this property presents investors with immediate cash flow potential from day one, as well as the opportunity to increase rents as units turn over. • Unit Mix: All 2 bedrooms & 1 bathroom • Prime Location: High Demand Area located just 5 minutes from Georgia State University and steps away from Summerhill and Downtown Atlanta| Situated in an area with high rental demand, driven by nearby educational institutions, businesses, and amenities. • Strong Connectivity: Quick and easy access to I-85, providing direct routes to Downtown Atlanta and surrounding areas, ideal for commuting residents. • Occupancy: 90% leased property generating immediate cash flow for investors from day one. Opportunity to increase rents through strategic unit upgrades, allowing for rent growth and improved return on investment. • Capital Improvement Potential: Renovated in 2017-2018. Opportunity to implement renovations and add amenities to enhance tenant satisfaction and increase property value. • Stable Cash Flow: Current occupancy provides consistent cash flow, while the value-add strategy offers potential for both rental income growth and property appreciation over time.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

10

PRICE/UNIT

$139,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,540 SF

ZONING

SPI-18 SA6

APN/PARCEL ID

14-0074-0002-082-8

ASK ABOUT THIS PROPERTY

Stephan DickieAtlanta Leasing & InvestmentMore Info
404-435-8149

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Stephan DickieAtlanta Leasing & InvestmentMore Info
404-435-8149

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