239 Howard St NE - Apartments FOR SALE


Atlanta, GA 30317- Kirkwood
$3,000,000 USD
404-662-8344
239 Howard St NE, Atlanta, GA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/21
null | 5.45% Cap Rate

239 Howard St NE
Atlanta, GA 30317
Kirkwood


HIGHLIGHTS

  • 239 Howard Street NE is home to an updated complex offering six two-bedroom, two-and-a-half-bath units.
  • Surrounded by other residential nodes in the suburbs of Atlanta’s submarket with accessibility to Interstate 20.
  • Currently fully occupied, these highly demanded units present strong cash flow.
  • Atlanta’s Kirkwood neighborhood is highly sought-after, with annual events and community engagement.

OVERVIEW

City Realty Advisors, LLC is pleased to present 239 Howard Street NE - a must-see investment opportunity to purchase a renovated six-unit, 100% leased townhouse apartment community in the residential heart of the historic tree-lined Kirkwood neighborhood of Atlanta. No detail has been overlooked when updating these six 2-bedroom/2.5-bath townhouse units. The main levels feature full-size kitchens with ample cabinet storage, quartz countertops, stainless steel appliances, and a large living room area with a convenient half bathroom. Upstairs, each of the two bedrooms has private full bathrooms. Each unit has new windows, ample natural light, stacked washer/dryer systems, and central HVAC. The property's exterior also features a new roof, painted brick facade, and updated landscaping. The property provides ample off-street parking. This investment offers a generational opportunity to acquire an irreplaceable multifamily property in a high-barrier-to-entry Atlanta submarket. Given the limited supply of multifamily properties in the Kirkwood submarket, a new owner is likely to enjoy rent growth and capital appreciation in the long term. The property could provide further upside to a future owner through a potential lot subdivision, adding additional unit density to the overall project. Only four miles from midtown Atlanta, the Kirkwood neighborhood features charming historic Victorian and Craftsman-style homes with tremendous walkability to nearby restaurants in Kirkwood Village (featuring El Mariachi, Petite Marche, Evergreen Butcher + Baker, and Ardens Garden) and walking trails, including the Atlanta Beltline. Kirkwood is a close-knit community with many neighborhood events, including the annual Spring Fling and Kirkwood Wine Crawl. Nearby Pratt-Pullman Yards feature other restaurants and a growing art scene. Eastlake Corners, Oakhurst, and Downtown Decatur provide further amenities just a short drive away.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

6

PRICE/UNIT

$500,000

CAP RATE

5.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,578 SF

ZONING

R6

APN/PARCEL ID

15-211-02-153

ASK ABOUT THIS PROPERTY

Nik HatzisCity Realty Advisors LLCMore Info
404-662-8344

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Nik HatzisCity Realty Advisors LLCMore Info
404-662-8344

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