678 Moreland Ave - Apartments FOR SALE


Atlanta, GA 30306
$3,200,000 USD
404-876-1640
678 Moreland Ave, Atlanta, GA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

678 Moreland Ave
Atlanta, GA 30306


HIGHLIGHTS

  • Newly gut renovated 10-unit apartment building in the popular Poncey-Highland neighborhood
  • 10 spacious new units consisting of 1, 2 and 3 bedroom units
  • Includes extra land that could potentially be built on to create more units
  • New windows, doors, mechanicals, electric and plumbing, all units have in-unit laundry
  • Extra Storage area in basement
  • Steps from Little Five Points, Inman Park and Virginia Highlands

OVERVIEW

Rare Opportunity to own this stunning, newly gut renovated 1950’s vintage 10-unit apartment building in the flourishing neighborhood of Poncey-Highland. The current owner brought the building down to the brick shell and reframed the interior to include all new interiors, new wiring, plumbing, HVAC, etc. These new spacious units include beautiful contemporary finishes including white cabinetry, granite countertops, stainless appliances and more. All units have in-unit laundry, and some have eat-in kitchens and/or separate sunrooms with plenty of natural light. Situated on just shy of a half-acre site, the property feels like two separate lots with plenty of extra land that could be potentially developed with an additional apartment building with favorable zoning in place. Poncey Highland is one of the most sought-after neighborhoods in Atlanta due to its location between Virginia Highland, Inman Park and Old Fourth Ward. Residents will enjoy being just two blocks away from all of the popular restaurants, bars and shops on North Highland Avenue in Virginia Highlands. Residents are also just steps from Little Five Points and can take Freedom Park to access Inman Park, the Eastside BeltLine Trail, Ponce City Market, and Old Fourth Ward Park. With such easy access to all of these intown areas, residents can truly enjoy the best of intown living.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

10

PRICE/UNIT

$320,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

Poncey-Highland SA-4

APN/PARCEL ID

14-0016-0013-026-3

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.