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Atlanta Intown Value-Add Multifamily Opportunity

159 Whitefoord Avenue
Atlanta, GA 30317
PRICE : $2,200,000
PROPERTY TYPE: Multifamily
UNITS: 20
YEAR BUILT: 1961

Highlights

  • 20 units - all 2 bedroom/ 1 bath
  • Recent capital Improvements: roofs, windows, electrical, plumbing, waterheaters, HVAC and basic interior/exterior
  • All units separately metered for electric (no gas). Tenants reimburse for water and trash.
  • All new central HVAC (heat pumps) in each unit
  • Low maintenance brick buildings with pitched roofs
  • Off-street parking
  • Intown Atlanta location in popular Edgewood neighborhood

Description

Excellent value-add opportunity in this 20-unit intown apartment complex in the heart of the popular up-and-coming Edgewood neighborhood. Owner has recently completed all major renovations with capital improvements in excess of $650,000 to include new roofs, plumbing, electrical service, windows, water heaters, HVAC, appliances and other basic interior/exterior improvements. Prime opportunity for a new owner to take the property to the next level with cosmetic interior and exterior upgrades and increase rents to market.

Close proximity to the Memorial Drive corridor, Kirkwood neighborhood and the Edgewood shopping center with easy access to I-20 and Downtown Atlanta.

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