345 Loomis Ave SE - Apartments FOR SALE


Atlanta, GA 30312- Grant Park
$975,000 USD
678-570-0550
345 Loomis Ave SE, Atlanta, GA for Sale
$975,000 USD
Apartments - FOR SALE
1/16
null | 4.41% Cap Rate

345 Loomis Ave SE
Atlanta, GA 30312
Grant Park


HIGHLIGHTS

  • Nestled in the highly sought-after North Grant Park neighborhood, the location ensures strong demand and competitive rental prices.
  • Recently renovated one-bedroom, one-bath apartments combine contemporary comforts with the charm of the original 1930 structure.
  • Spanning 3,024 square feet, this quadruplex offers ample living space for tenants and a stunning grand staircase.
  • Units are fully leased to reliable long-term tenants, providing a turnkey investment with a consistent income stream.

OVERVIEW

Ansley Real Estate is pleased to invite qualified investors to discover this prime multifamily quadruplex with an exceptional location near in Atlanta’s Grant Park neighborhood at 345 Loomis Avenue SE. Originally built in 1930, this 3,024-square-foot property features four one-bedroom, one-bathroom apartments that are fully leased to reliable long-term tenants, ensuring steady and predictable income. The units have been recently renovated, boasting plank flooring, ceiling fans, updated bathrooms and kitchens, and contemporary fixtures throughout. The building’s exteriors have been well-maintained, while still offering the charm of the original 1930’s façade. Nestled within the desirable North Grant Park neighborhood, 345 Loomis Avenue SE enjoys strong area demand and competitive rental prices. The area improves tenant attraction and retention with fantastic access to beautiful outdoor spaces, retail amenities, and major commuter highways. Within a short walk, tenants can enjoy popular local restaurants, including Firepit Pizza Tavern, Mi Barrio Mexican Restaurant, Estrellita, Gather, Mix’d Up Burgers, Ace Hardware, Vibe Ride, Ria’s Bluebird, Dakota Blue, and Six Feet Under Pub & Fish Market. The namesake for the neighborhood, Grant Park, is just a short walk away, offering winding walking/jogging trails, tennis facilities, an outdoor pool, and Zoo Atlanta. Proximity to Downtown places residents within 10 minutes of Atlanta’s world-class entertainment, nightlife, job centers, and more. Tenants can enjoy major league sporting events at nearby venues, including State Farm Arena (NBA’s Hawks) and Mercedes Benz Stadium (NFL’s Falcons). Other notable destinations within 10 minutes of the property include the College Football Hall of Fame, the Georgia Aquarium, The Georgia Capital Museum, and Grady Memorial Hospital.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

4.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Quadruplex in North Grant Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

14-0044-0002-112-0

ASK ABOUT THIS PROPERTY

Amy MollohanAnsley Real Estate Christie's InternationalMore Info
678-570-0550

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Amy MollohanAnsley Real Estate Christie's InternationalMore Info
678-570-0550

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