625 Jett St NW - Apartments FOR SALE


Atlanta, GA 30318- English Avenue
$2,750,000 USD
404-876-1640
625 Jett St NW, Atlanta, GA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/11
null | 6.4% Cap Rate

625 Jett St NW
Atlanta, GA 30318
English Avenue


HIGHLIGHTS

  • Fully occupied prime 18-unit multifamily at 625-635 Jett Street NW offers redevelopment opportunity in West Midtown.
  • Renovated in 2018, the units were updated with new flooring, central HVAC, and appliances, offering investors reduced start up maintenance costs.
  • Guaranteed rents from Atlanta Housing Authority ensure reliable income, making this a secure and attractive investment choice.
  • Excellent connectivity near Interstates 85, 75, Northside Drive, and MARTA provides seamless access to Atlanta's key employment and transit hubs.
  • Located near the Beltline, Georgia Tech, and major attractions, residents enjoy urban convenience with recreational and educational access.
  • With skyline views, high-density zoning, and QOZ tax benefits, this property offers prime development potential and long-term value.

OVERVIEW

625-635 Jett Street NW is a prime 18-unit multifamily property in West Midtown, Downtown Atlanta. The multifamily property was renovated buildings in 2018, offering a rare investment opportunity in the rapidly growing English Avenue neighborhood of Downtown Atlanta. 625-635 Jett Street NW sits on a .45-acre lot and consists of three modernized buildings featuring central HVAC, new flooring, appliances, on-site parking, and high-density zoning ideal for future redevelopment. Just two blocks from the Atlanta Westside Beltline Connector Trail and within walking distance of Georgia Tech University, this location combines urban convenience with significant development potential. The English Avenue neighborhood’s thriving market conditions further enhance the appeal, with a dense and growing population of 185,360 projected to increase by 4% over the next five years. With 69% of residents renting within a three-mile radius, this property enjoys sustained demand. Guaranteed rents from the Atlanta Housing Authority add stability and reliability to the investment. The ongoing transformation of the area, highlighted by projects like Echo Street West, underscores the dynamic and evolving environment. This property benefits from exceptional connectivity, being within a mile of Interstates 85 and 75, Northside Drive, and multiple MARTA stations. Its central location provides seamless access to major employment hubs, including Downtown, Midtown, and West Midtown, all within three miles of the property. The proximity to renowned educational institutions such as Georgia Tech, Spelman College, Clark Atlanta University, Georgia State University, and Morehouse College highlights its ability to capture potential student renters. Additionally, the area is home to premier attractions like the Georgia Aquarium, World of Coca-Cola, and Centennial Olympic Park. English Avenue’s vibrant community blends residential charm with urban development. Its designation as a Qualified Opportunity Zone offers substantial tax benefits, including potential reductions in deferred capital gains liability. The property’s beautiful, unobstructed views of the Downtown Atlanta skyline further enhance its investment value. 625-635 Jett Street NW is a rare chance to invest in a fully occupied multifamily property in high demand in one of Atlanta’s most promising neighborhoods.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

18

PRICE/UNIT

$152,778

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

625-635 Jett St | 18-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

SPI-3, SA3

APN/PARCEL ID

14-0111-0006-045-6

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.