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Value-Add Multifamily Opportunity | 80 Units | Atlanta, GA

2400 Campbellton Road
Atlanta, GA 30311
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Multifamily
SITE SIZE: 6.10 Acres
UNITS: 80
YEAR BUILT: 1970

Highlights

  • 80-unit value-add condo portfolio located in The Adams Park Neighborhood of Southwest Atlanta
  • Three floor plans that include: (24) 3 Bed/2.5 Baths, (33) 2 Bed/2 Bath and (23) 2 Bed/1.5 Bath units
  • Value-add opportunity with light cosmetic renovations and below-market rents
  • 97% occupied
  • Located in a gated community
  • Off-street parking
  • Includes central HVAC and washer/dryer connections
  • All units are total electric
  • Located in Adams Park, a neighborhood in Southwest Atlanta
  • Less than 3 miles from Tyler Perry Studios, a 330-acre lot on the historic grounds of the former Fort McPherson army base
  • Located less than 3 miles from the Oakland City Transit Marta Station
  • Easy access to both I-285 and I-85

Description

Bull Realty is pleased to offer this great in town value-add opportunity. This 80-unit portfolio in the Southwest Atlanta neighborhood of Adams Park. This property is located less than 3 miles from Tyler Perry Studios/ Fort McPherson redevelopment project, 7 miles from Downtown Atlanta, and 9 miles from Hartsfield-Jackson International Airport. The community features 3 spacious floor plans, (24) 3 Bed/2.5 Bath, (33) 2 Bed/2 Bath and (23) 2 Bed/1.5 Bath units. There is great upside potential for a new owner to continue to push rents with light cosmetic improvements and strong management. The condominiums have maintained strong occupancy and collections, however the average rent is $0.75/SF which is significantly below the market average of $1.21/SF.

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