2483 Memorial Dr SE - Apartments FOR SALE


Atlanta, GA 30317
$695,000 USD
404-542-6368
2483 Memorial Dr SE, Atlanta, GA for Sale
$695,000 USD
Apartments - FOR SALE
1/25
null | 9.72% Cap Rate

2483 Memorial Dr SE
Atlanta, GA 30317


HIGHLIGHTS

  • 2483 Memorial Dr enables investment in a property that offers both financial rewards and a connection to one of Atlanta's most beloved neighborhoods.
  • Easy on-site management with all units and common areas in prime condition.
  • Continuous strong occupancy determines the property to be a stabilized asset to an investor.
  • The subject property is listed below the appraised value.

OVERVIEW

Discover a rare investment opportunity in the heart of East Lake, one of Atlanta's most charming and sought-after neighborhoods. This property is currently operated as a co-living apartment by Padsplit, the nation’s leading co-living platform. The individual bedrooms-for-rent model offers a lucrative and stable income stream while also hedging against vacancy risk. Phenomenal Location: Nestled in a quiet, family-oriented neighborhood, this property is WALKABLE to various restaurants, coffee shops, grocery stores, parks, and more! Recreation options abound with nearby golf courses, green spaces, and the Atlanta Beltline just a short distance away. Commuting is a breeze with quick access to MARTA, major highways, and interstates! Thoughtful Amenities: The home features a fully equipped kitchen with an oversized refrigerator and freezer (including a water and ice dispenser), oven, range, dishwasher, microwave, toaster oven, and toaster. Each fully furnished bedroom is designed for comfort and productivity, with a private workspace that includes a desk, rolling chair, and cubby, plus high-speed internet for seamless connectivity. Tenants can enjoy the outdoors in the spacious, fenced-in backyard with a large patio perfect for relaxation. Easy & Low-Cost Management: The house has strong bones, is well-maintained, and has been partially renovated over the last two years, ensuring a modern, comfortable, and low-cost living environment. The property is well suited for passive investors seeking investments with little management needs – Padsplit not only finds and vets good, reliable tenants but also handles all lease documentation, payment processing, and accounting. Investment Potential: This stabilized property with value-add potential represents a fantastic opportunity for investors seeking a steady income in a high-demand area. East Lake’s blend of historic charm and modern amenities makes it a desirable location for tenants, and the PadSplit model ensures a consistently high occupancy rate.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

7

PRICE/UNIT

$99,286

CAP RATE

9.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-4

APN/PARCEL ID

15-181-05-015

ASK ABOUT THIS PROPERTY

Joey GalantiGalanti Realty PartnersMore Info
404-542-6368

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

Joey GalantiGalanti Realty PartnersMore Info
404-542-6368

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