Value-Add Multifamily Opportunity in Westside Atlanta | 16 Units
$960,000
345 Lanier St NW, Atlanta, GA 30318
15,216 sqft
Building Size
0.77 acres
Lot Area
Details:
Highlights:
- Large front courtyard
- All units have front balcony areas or patios
- 17 off street parking spaces
- In-unit laundry (combo washer/dryer units)
- Fenced
- Permanent storage shed attached to the building
Description:
Rare opportunity to buy a 16-unit apartment building at well below replacement cost in Atlanta's booming Westside. The property consists of 16 spacious two bedroom/ one bath units. The property was recently renovated throughout and has since become vandalized and distressed due to absentee ownership. Most units are close to rent ready with minor cosmetics and some new HVAC and appliances. 3 units are gutted and need full rehab. Sold "as is". No past financials or rent rolls available. Rents in the area range from $1,300-$1,400 for market rate tenants and upwards of $1,650 for subsidized programs.
Discover the vibrant Westside Atlanta community surrounding the property at 345 Lanier St NW. Embrace a coveted location near popular attractions such as The Georgia World Congress Center, Mercedes-Benz Stadium, and Centennial Olympic Park, all offering a plethora of entertainment options. Enjoy easy access to unique dining experiences, boutique shopping, and lively nightlife in the thriving area. This sought-after location provides ample opportunities for attracting residents seeking a dynamic urban lifestyle. Don't miss the chance to invest in this Value Add Multifamily Opportunity in Westside Atlanta, offering 16 units and the potential for significant growth in this dynamic neighborhood.
Documents:
| Title | ||
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| Offering_Memorandum.pdf |
Location
Gallery
