2410 Benjamin E Mays Dr SW - Apartments FOR SALE


Atlanta, GA 30311
$3,300,000 USD
770-708-3308
2410 Benjamin E Mays Dr SW, Atlanta, GA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/19
null | 6.4% Cap Rate

2410 Benjamin E Mays Dr SW
Atlanta, GA 30311


HIGHLIGHTS

  • The property has a solid rent structure that provides steady cash flow.
  • The complex offers walking access to local shops and eateries, while a major shopping center and Highway 285 are a brief drive away.
  • Nearby John A White Park & Golf Course caters to outdoor enthusiasts, and the 15-minute drive to downtown Atlanta adds urban convenience.
  • he property is also just 20 minutes from Hartsfield International Airport, enhancing its appeal for those who travel frequently.

OVERVIEW

This offering presents an investment opportunity in Dream Court Apartments, located in Atlanta, GA. The multi-family property comprises two buildings with a uniform 2-bedroom, 1-bathroom unit configuration. Built in the mid-1950s, the complex enjoys a high occupancy rate at 94%, making it a stable asset for prospective investors. The property has a solid rent structure that provides steady cash flow. Notably, there's room for income growth; targeted updates to unit interiors could justify increased rent levels, amplifying the asset's revenue potential significantly. The complex offers walking access to local shops and eateries, while a major shopping center and Highway 285 are a brief drive away. Nearby John A White Park & Golf Course caters to outdoor enthusiasts, and the 15-minute drive to downtown Atlanta adds urban convenience. The property is also just 20 minutes from Hartsfield International Airport, enhancing its appeal for those who travel frequently. The CAP Rate represents the estimated rate considering the occupancy rate, normal conditions, and not including rehabs or capital improvements.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

32

PRICE/UNIT

$103,125

CAP RATE

6.4%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dream Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,962 SF

ZONING

RG2, Atlanta

APN/PARCEL ID

14-0202-0005-012-7

ASK ABOUT THIS PROPERTY

Mike JollyJG Atlanta Properties, LLCMore Info
770-708-3308

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Mike JollyJG Atlanta Properties, LLCMore Info
770-708-3308

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