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10-Unit Value-Add Multifamily Opportunity | Prime Virginia-Highland Location

995 Greenwood Avenue NE
Atlanta, GA 30306
PRICE : $1,350,000
PROPERTY TYPE: Multifamily
SITE SIZE: 0.23 Acres
UNITS: 10
YEAR BUILT: 1960

Highlights

  • 10-unit apartment building in the heart of the popular Virginia-Highland neighborhood
  • All spacious 1 bedroom/ 1 bathroom units
  • 90% occupancy
  • Interior stairwells with key access
  • Off-street parking on side and rear of building
  • All units have wall heat and window AC
  • Excellent location in highly sought-after Virginia-Highland neighborhood
  • Walking distance to popular bars and restaurants, Ponce City Market and the Atlanta BeltLine
  • High barriers to entry, low vacancy and strong area rents
  • All units in basic condition with below-market rents
  • Value-Add opportunity through cosmetic renovations to increase rents

Description

Rare opportunity to acquire this 10-unit apartment building in the popular Virginia-Highland neighborhood. This is a value-add, rehab opportunity to push rents with renovations.

Virginia-Highland is one of the most sought-after neighborhoods in Atlanta with high barriers to entry, low vacancy, and strong rents. This is a highly desirable intown location within walking distance to Ponce City Market and the Atlanta BeltLine.

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