Menu Close
t r a n s l a t e

5-Unit Multifamily Opportunity | 100% Occupied

893 Magnolia St NW
Atlanta, GA 30314
PRICE : $800,000
CAP RATE: 6.31%
PROPERTY TYPE: Multifamily
SITE SIZE: 0.14 Acres
UNITS: 5
YEAR BUILT: 1970

Highlights

  • 5-unit multifamily complex consisting of (4) 3 BR / 2 BA and (1) 2 BR / 1 BA
  • Recently renovated in 2019
  • All units are fully electric and separately metered
  • Strong 100% occupancy rate
  • Excellent location in desirable English Avenue
  • Walking distance from Ashby Transit Station
  • Located less than 2 miles away from Quarry Yards, a new mixed-use project and park planned for the area
  • Close proximity to Westside Atlanta Beltline Connector Trail
  • Located less than 2 miles from the North Avenue Marta Station and Downtown Atlanta and 3 miles from Midtown and Atlantic Station
  • Only a 5-minute drive to Georgia Tech, Mercedes-Benz Stadium, Coca-Cola Headquarters, State Farm Arena, Emory University, Centennial Olympic Park, and Georgia State University

Description

Bull Realty is pleased to present this fully renovated apartment complex located within the English Avenue neighborhood just south of West Midtown and Georgia Tech and on the outskirts of Vine City. The property consists of 5 units with (4) 3 BR / 2 BA and (1) 2 BR / 1 BA. With a strong 100% occupancy rate, the property offers affordable rent in a rapidly-growing area.

The property was recently renovated and includes a new roof, fresh paint, new windows, heat pumps, new cabinets, new doors, low flow toilets and refinished flooring.

The community is a 5-minute drive to I-85, Georgia Tech, Mercedes-Benz Stadium and many other Atlanta attractions. West Midtown is an evolving neighborhood that is a short drive to Downtown Atlanta, Midtown, Atlantic Station and Buckhead. New developments are also flooding the area including the recently Microsoft-acquired Quarry Yards (located less than a mile away), the new Westside Park (300 acres), the Westside Atlanta BeltLine Trail and Rodney Cooke Sr. Park.

Request more information