478 N Highland Ave NE - Apartments FOR SALE


Atlanta, GA 30307
$4,180,000 USD
404-876-1640
478 N Highland Ave NE, Atlanta, GA for Sale
$4,180,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

478 N Highland Ave NE
Atlanta, GA 30307


HIGHLIGHTS

  • Prime location in the highly sought after Inman Park neighborhood of intown Atlanta
  • Across the street from several popular restaurants/bars including Folk Art, Wisteria, The North Highland Pub and Amore e Amore
  • Walking distance to downtown Inman Park, with easy access to the Eastside Atlanta Beltline Trail
  • PATH trail access directly behind the property. Newer roofs (±5 years). Off street parking. Onsite laundry.
  • Value-add opportunity to renovate units and increase rents (6 units have been recently upgraded, 13 units are in "classic" condition)
  • Mix of 2 bed/1.5 bath, 2 bed/1 bath and 1 bed/1 bath units. Fenced dog-run area. Attractive assumable debt.

OVERVIEW

• Prime location in the highly sought after Inman Park neighborhood of intown Atlanta • Across the street from several popular restaurants/bars including Folk Art, Wisteria, The North Highland Pub and Amore e Amore • Walking distance to downtown Inman Park, with easy access to the Eastside Atlanta Beltline Trail • PATH trail access directly behind the property • Value-add opportunity to renovate units and increase rents (6 units have been recently upgraded, 13 units are in "classic" condition) • Mix of 2 bed/1.5 bath, 2 bed/1 bath and 1 bed/1 bath units • Newer roofs (±5 years) • Off street parking • Onsite laundry • Fenced dog-run area • Attractive assumable debt

FOR SALE DETAILS

PRICE

$4,180,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

19

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19-Unit Value-Add Multifamily Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,968 SF

ZONING

RG2, Atlanta

APN/PARCEL ID

14-0015-0005-013-2

ASK ABOUT THIS PROPERTY

Andy LundsbergBull Realty Inc.More Info
404-876-1640

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Andy LundsbergBull Realty Inc.More Info
404-876-1640

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