Menu Close
t r a n s l a t e

Newly Renovated Value-Add 40-Unit Multifamily in Qualified Opportunity Zone

350 Lanier Street NW
Atlanta, GA 30318
PRICE : $5,200,000
CAP RATE: 5.2%
PROPERTY TYPE: Multifamily
SITE SIZE: 1.44 Acres
UNITS: 40
YEAR BUILT: 1963

Highlights

  • 40-unit value-add apartment complex located in West Midtown
  • All units are 2 Bedroom/1 Bathroom layouts
  • Recently renovated (Over $1.5M in renovations - see page 5 for details)
  • Value-add opportunity with below-market rents (avg. rent at only $852 per unit)
  • On-site parking for all units
  • In-unit laundry connections
  • All new decking
  • Tenants reimburse for water (water common)
  • All electric with heat pumps and instant hot water heaters
  • Gated access
  • Located in Qualified Opportunity Zone

Description

Bull Realty is pleased to present this recently-renovated, value-add, 40-unit multifamily property in the bustling westside of Atlanta. The property recently underwent extensive renovations including all new electrical, plumbing, mechanicals and interiors with several exterior improvements as well. All units are 2 bedroom / 1 bathroom units with balcony or patio space, in-unit laundry connections and on-site parking. 350 Lanier Street is located in close proximity to the Atlanta BeltLine, Westside Reservoir Park and the future Quarry Yards/Microsoft development. This property is also located in a Qualified Opportunity Zone. Please do not visit the property or disturb tenants without an appointment.

Request more information