340-352 Dixie Hills Cir - Apartments FOR SALE


Atlanta, GA 30314- Grove Park
$1,995,000 USD
678-808-2715
340-352 Dixie Hills Cir, Atlanta, GA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

340-352 Dixie Hills Cir
Atlanta, GA 30314
Grove Park


HIGHLIGHTS

  • Recently renovated interiors
  • New systems installed
  • Metal roof offering durability and low-maintenance
  • Attractive assumable debt available
  • Guaranteed rental income on all one-bedroom units

OVERVIEW

Marcus & Millichap is pleased to present for sale a multifamily property located at 340-352 Dixie Hills Circle NW in Atlanta, GA. The 19-unit value-add multifamily complex is located in the quickly growing Dixie Hills submarket of Atlanta. The property has undergone a comprehensive renovation, including the installation of a durable metal roof, ensuring low maintenance for years to come. Of the 19 units, 9 one-bedroom apartments are secured with long-term leases to Partners for Home, guaranteeing steady rental income for the next 11 years. The remaining two-bedroom units offer significant upside potential, as current rents are below market rates. The property maintains strong occupancy and offers additional value-add opportunities through enhanced management practices. Additionally, attractive assumable agency debt is available, providing flexibility for financing.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

19

PRICE/UNIT

$105,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dwell atThe Alcove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

RG3

APN/PARCEL ID

14-0175-0009-073-8,14-0175-0009-074-6

ASK ABOUT THIS PROPERTY

Joe MitchellMarcus & MillichapMore Info
678-808-2715

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Joe MitchellMarcus & MillichapMore Info
678-808-2715

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