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Recently-Renovated Multifamily Opportunity in Metro Atlanta | 20 Units | College Park, GA

1818 Vesta Avenue
College Park, GA 30337
PRICE : $2,150,000
CAP RATE: 7.05%
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 100% 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 including a leasing office. 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.

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