Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1959
Sq.Footage
N/A
Amazing Apartment Investment Opportunity in the heart of the rapid-growing City of East Point. Located in the heart of downtown, just off of main street before entering Historic College Park sits a 75-Unit apartment complex on just over 5 acres of land. There are a total of 8 buildings in this complex. The unit breakdowns are as follows: 40 2bed/1bath units and 35 1bed/1bath units, plus a leasing office, multiple storage rooms for construction/maintenance supplies and a laundry facility. Five of the buildings have tenants in place, while the remaining three buildings are under construction. Two of the buildings that are under construction are near completion with only punch-list type items remaining to be done. One of the buildings that is under construction still needs a full renovation as it currently only has studs in place. Rent rolls, T12, additional photos of each unit can be sent upon request. Property is located at the end of the street where Dunlap and Vesta meet. There's plenty of parking and even enough land to build another building for units and/or create a playground for the community. Don't miss out on this wonderful opportunity. Recent as-is appraisal and ARV appraisal can be provided. Showings are by appointment only.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
5.291
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Parking Lot
Financial
-
Sales Price
$4,800,000
-
Tax Amount
25163.0
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Location
County
Fulton
Elementary School
Conley Hills
Middle School
Paul D. West
High School
Tri-Cities
Listing Courtesy of Sarah Lowe , Coldwell Banker Realty
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FOUNDER
PattiLoveless
Call Patti today to schedule a private showing.
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