Value-Add Multifamily Opportunity | 125 Units

1800 Memorial Dr SE, Atlanta, GA

$24,375,000

Price

9,720 sqft

Building Size

5.3 acres

Lot Area

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Street
Map
Overview
Building Size
9,720 sqft
Lot Area
5.3 acres
Units
125
Year Built
1962
Floors
2
Description

Value-Add Multifamily Opportunity with Attractive Assumable Debt | 125 Units

1800 & 1816 Memorial Drive

Highlights
  • Well Located Asset: Popular Kirkwood Neighborhood of Atlanta. Walkable to several nearby shops, restaurants and other retail
  • High Growth Area: Several new developments in the surrounding area with new homes fetching as high as $1.5M
  • Heavy Lifting Complete: Exteriors recently renovated with newer roofs and windows (3-4 years old), exterior paint, awnings and other features. All electric with heat pumps throughout
  • Value-Add Potential: 50% of units are renovated, 50% are in classic condition offering value-add rental upside as units turnover. Potential to add 4-5 additional apartments, storage units or amenity space to underutilized basement area
  • Attractive Assumable Debt: Fannie Loan at 2.97% interest only - See page 6 for details
  • Tenant Amenities: Gated access, open greenspaces including Kirkwood Forest Trails (which is adjacent to the property), fenced dog-run area and in-unit and on-site laundry
Documents
Location
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