Value-Add Multifamily Opportunity in Westside Atlanta | 16 Units

Investment Overview

Rare opportunity to buy a 16-unit apartment building at well below replacement cost in Atlanta's booming Westside. The property consists of 16 spacious two bedroom/ one bath units. The property was recently renovated throughout and has since become vandalized and distressed due to absentee ownership. Most units are close to rent ready with minor cosmetics and some new HVAC and appliances. 3 units are gutted and need full rehab. Sold "as is". No past financials or rent rolls available. Rents in the area range from $1,300-$1,400 for market rate tenants and upwards of $1,650 for subsidized programs.

Investment Highlights

• Large front courtyard
• All units have front balcony areas or patios
• 17 off street parking spaces
• In-unit laundry (combo washer/dryer units)
• Fenced
• Permanent storage shed attached to the building