549-553 Highland Ave - Apartments FOR SALE


Atlanta, GA 30312- Old Fourth Ward
$3,600,000 USD
404-876-1640
549-553 Highland Ave, Atlanta, GA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/10
null | 6.5% Cap Rate

549-553 Highland Ave
Atlanta, GA 30312
Old Fourth Ward


HIGHLIGHTS

  • All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes
  • All units are renovated to include new kitchens and baths with quartz countertops and stainless appliances
  • All units have in-unit stacked washer/dryers and individual front and back patios/balconies
  • Centralized location with quick easy access to downtown Atlanta, Ponce City Market, Inman Park and Old 4th Ward neighborhoods
  • Walking distance to the eastside Beltline trail and nearby restaurants and retail along Highland Ave
  • Gated secured access for tenants with large common area and greenspace

OVERVIEW

The Highland Gate Apartments at 549-533 Highland Avenue present a newly renovated, 16-unit apartment complex located in one of the hottest neighborhoods in the heart of Atlanta. In a central location with quick, easy access to Downtown Atlanta, Midtown, Ponce City Market, Inman Park, Old 4th Ward neighborhoods, and Interstates 85 and 20. The site is also walkable to nearby restaurants, shops, the Eastside Beltline trail, and a brand-new Publix grocery store planned adjacent to the property. All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes. All units are renovated, including new kitchens and baths with quartz countertops and stainless appliances. The units have stacked washers/dryers and individual front and back patios/balconies. The complex is gated with secured access for tenants and offers a large common area, green space, and is adjacent to a public dog park.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

16

PRICE/UNIT

$225,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Gate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R-5

APN/PARCEL ID

14-0046-0006-161-1

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.