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For Sale
Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate
314 5th St NE,
Atlanta, GA 30308
Atlanta, GA 30308
Asset Snapshot
1920
Year Built
2021
Year Renovated
2
Floor Count
1
Building Count
8 Units
Unit Count
0 SF
Average Unit Size
7,155 SF
Property Size
100%
Occupancy
Offering Summary
Investment Overview
Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta Housing Authority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate.Investment Highlights
- Prime Midtown location - walkable to nearby Piedmont Park, Eastside Beltline and more.
- Long term tenants: 1 tenant for ~5 years. 3 tenants for almost 3 years. 2 tenants for almost 2 years.
- Recently renovated in 2021
- Updated interiors featuring new kitchens, baths, flooring, lighting, and more
- 100% occupied with stable long-term tenants
- Strong leasing demand / low vacancy submarket
- Easy low maintenance management
- All units have in-unit laundry
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