877 Virginia Ave - Apartments FOR SALE


Atlanta, GA 30354- Aerotropolis
$1,700,000 USD
404-876-1640
877 Virginia Ave, Atlanta, GA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

877 Virginia Ave
Atlanta, GA 30354
Aerotropolis


HIGHLIGHTS

  • 100% occupied, 14-unit multifamily opportunity in highly sought-after Hapeville area.
  • Proximity to headquarters of Delta, Wells Fargo, Porsche, downtown Hapeville, Atlanta Airport, plus a MARTA bus stop in front of the property.
  • All units are spacious one-bed/ one-bath flats in average condition, allowing for a cosmetic value-add opportunity as leases turnover.
  • Large courtyard amenity space, off-street parking, on-site laundry, new gutters, and a 12-year warranty on the roof, which was replaced in 2019.
  • Highly visible corner parcel in walking distance of nearby restaurants and retail with convenient access to I-85, I-75, and I-285.
  • Additional storage room on the second floor that could be converted to a bedroom, creating a two-bed/ one-bath unit.

OVERVIEW

Rare opportunity to acquire a 14-unit value-add multifamily property in a prime, irreplaceable location. Situated on Virginia Avenue, this property is highly walkable to surrounding retail and restaurants and key landmarks like the Delta Air Lines Headquarters, Delta Flight Museum, and downtown Hapeville. Additionally, a public bus stop is conveniently located right in front of the property. Just steps from Hartsfield-Jackson Atlanta International Airport, the property is ideally positioned to attract airport employees and Delta staff, and could even serve as a short-term rental for flight crews, pilots, or other travelers seeking close proximity to the airport. This highly visible corner parcel also presents an excellent future commercial redevelopment opportunity as the area continues to grow.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

14

PRICE/UNIT

$121,429

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14-Unit Value-Add Opportunity in Hapeville

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

U-V Urban Village

APN/PARCEL ID

14-0098-0002-031-7

ASK ABOUT THIS PROPERTY

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

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

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

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