Recently-Renovated Multifamily Opportunity in Metro Atlanta | 20 Units | College Park, GA
1818 Vesta Avenue
College Park, GA 30337
| PRICE : | $2,000,000 |
|---|---|
| CAP RATE: | 7.6% |
| PROPERTY TYPE: | Multifamily |
| SITE SIZE: | 0.85 Acres |
| UNITS: | 20 |
Highlights
- • 20-unit apartment community in College Park, GA
- • Recently renovated in 2019
- • New roofs, windows, electric and plumbing and all interiors
- • Strong 95% Occupancy
- • Off-street parking
- • Units feature 1 & 2-Bedroom/1-Bath layouts
- • All electric, no gas and all units separately metered for water and electric
- • Amenities include laundry facility, leasing office and community courtyard
- • Quiet street with highly-visible corner location
- • Great location on the border of East Point in College Park with easy access to both city centers
- • Less than 3 miles away from Hartsfield-Jackson Atlanta International Airport
Description
Bull Realty is pleased to present a recently-renovated, 20-unit apartment community located in the Atlanta submarket of College Park. The property offers a great location on the border of East Point and College Park with easy access to both city centers.
The property consists of 4 buildings. All 20 units were recently renovated in 2019. There is potential for a 21st unit, that is currently in shell conditional, that offers upside potential for a new owner upon completion. Renovations include new roofs, windows, electric and plumbing and all new interiors. All units have central HVAC and off-street parking. The complex also features an on-site laundry facility, on-site leasing office and a large community courtyard that provides a relaxing environment.
