880 Rock St NW - Apartments FOR SALE


Atlanta, GA 30314
$7,590,000 USD
210-587-5388
880 Rock St NW, Atlanta, GA for Sale
$7,590,000 USD
Apartments - FOR SALE
1/14
null | 5.76% Cap Rate

880 Rock St NW
Atlanta, GA 30314


HIGHLIGHTS

  • All rents are significantly under-market. Opportunities to raise rents without significant renovation to the units.
  • The location is just a short walk from Ashby MARTA Station, providing convenient access to the Blue and Green train lines.
  • Located just five minutes from the heart of downtown Atlanta, Ashby Park Apartments places residents at the center of the city's energy and excitement
  • Benefiting from its unbeatable location, ensuring consistent leasing performance. The proximity to downtown ATL and major employers makes it desirable

OVERVIEW

Prime location close to Downtown Atlanta. The Ashby Park Apartments have an extremely strong leasing history with the current owner of 20+ years. Purchase the asset to cashflow as-is or upgrade the property to increase rents significantly. Multiple exit opportunities with this asset.

FOR SALE DETAILS

PRICE

$7,590,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

66

PRICE/UNIT

$115,000

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashby Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

92

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

RG2, Atlanta

APN/PARCEL ID

14-0110-0001-185-6

ASK ABOUT THIS PROPERTY

Jake ZapataBerkeley Capital AdvisorsMore Info
210-587-5388

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Jake ZapataBerkeley Capital AdvisorsMore Info
210-587-5388

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