5-Unit Value-Add Opportunity in the Heart of Midtown
812 Durant Place NE
Atlanta, GA 30308
Share:
| PRICE : | $1,250,000 |
|---|---|
| PROPERTY TYPE: | Multifamily |
| SITE SIZE: | 0.18 Acres |
| UNITS: | 5 |
| YEAR BUILT: | 1955 |
Highlights
- • Highly desirable location in the heart of Midtown
- • History of 100% occupancy over last 10 years
- • Long-term tenants with average rentals of 2-5 years
- • Below market rents/value-add opportunity
- • All units include in-unit laundry
- • Electric central air and gas heating/cooking
- • Off-street parking for 5 vehicles in the rear
- • All brick, low maintenance exterior
Description
Located in the heart of Midtown, this boutique multifamily opportunity consists of five 2 BR / 1 BA units, four of which
are flats & one is a townhouse style unit. All units have central HVAC, in-unit laundry and private off-street parking. The property is within walking distance to Piedmont Park and is located less than one mile from Ponce City Market, Atlanta Beltline, Fox Theatre and Georgia Tech. The area draws tenants from its proximity to the Midtown Financial District, Emory Hospital Midtown, Georgia Tech, Google, Emory University, SCAD and Georgia State University. Midtown has steadily remained one of the strongest rental markets in Metro Atlanta.
