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Virginia-Highland Multifamily Opportunity | 28 Units

943-955 Greenwood Avenue
Atlanta, GA 30306
PRICE : $4,676,000
CAP RATE: 6%
PROPERTY TYPE: Multifamily
SITE SIZE: 0.68 Acres
UNITS: 28

Highlights

  • Excellent location in highly sought-after Virginia-Highland neighborhood
  • Walking distance to popular bars and restaurants, Ponce City Market and the Atlanta BeltLine
  • Offering consists of 28 units in 3 adjacent buildings
  • Interior renovations include: new kitchens, bathrooms, granite or quartz counter tops, new cabinets, refinished hardwoods, double pane aluminum windows and stainless steel appliances
  • All units include washer and dryers
  • Off-street parking in rear with alley access
  • Greenspace recreational areas facing Greenwood Avenue
  • Available land to expand one of the buildings with additional 2-4 units

Description

Rare opportunity to acquire this recently-renovated, 28-unit apartment complex in the popular Virginia-Highland neighborhood. Property just underwent renovations which include exteriors upgrades, all new interiors, windows, HVAC, etc.

Virginia-Highland is one of the most sought-after neighborhoods in Atlanta with high barriers to entry, low vacancy and strong rents. This is a highly desireable intown location within walking distance to Ponce City Market, Atlanta BeltLine and Freedom Park.

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