Located in the heart of Buckhead, Pharr Court boasts a prime location adjacent to both the St. Regis Hotel and Restoration Hardware. This property is walking distance to top-tier dining including Chops Steakhouse and Lobster Bar, Umi Sushi, The Garden Room, Capital Grille, and Le Colonial. Not to mention walking distance to the high-end shopping district, Buckhead Village, which houses retailers like Hermes, Dior, Etro, Frances Valentine, and Todd Snyder. The Buckhead CBD is just a mile down the road with 11.5M sf of office space and easy access to MARTA (Atlanta’s mass transit train). The surrounding demographics are amongst the strongest in the state boasting an average HHI of $181K and a median home value over $1.2MM. Pharr Court consists of 52, 2-bed/2-bath units that are 1,000 sf each and come equipped with a full-size washer and dryer. Current ownership has fully renovated each unit with granite countertops, stainless steel appliances, new cabinet doors, and flooring. Some units still have their original hardwoods while others have been equipped with vinyl plank flooring. Despite these improvements, in-place rents at Pharr Court trail competitors by almost $450/month or $280.8k per year. Originally developed as a condo community in 1975, current ownership has acquired 52 of the 56 condos and has been operating them as apartments for the last number of years. Due to its prime location, Pharr Court also provides an interesting covered land play for a future luxury development. Located on 2.71 acres of land, Pharr Court is being offered at a basis $4.79M/acre which trails other Buckhead land sales by over $5M/acre. Zoned for 200+ multifamily units, recent luxury apartment developments in the area have sold for north of $400k/unit.