Value-Add Deal in Smyrna, GA | 14 Units
$1,500,000
641 Powder Springs Street SE, Smyrna, GA 30080
10,556 sqft
Building Size
0.7 acres
Lot Area
Details:
Highlights:
- 14-unit multifamily complex in Smyrna, GA
- All 1 Bd / 1 Ba units
- Value-add potential with below market rents
- All units have central HVAC and separate water heaters
- Large eat-in kitchens
- Off-street parking
- Close proximity to I-75, I-285 and Truist Park
- Large basement area for storage
- On-site coin laundry
Description:
Rare opportunity to purchase a true value-add multifamily deal in the popular north-metro Atlanta suburb of Smyrna. The complex consists of fourteen spacious 1 bedroom / 1 bath units, all with large eat-in kitchens. The majority of
the current rents are well below market allowing for significant upside for a new owner with some cosmetic interior improvements. All units have central HVAC and separate water heaters. The complex also has ample off-street parking, a coin laundry room on-site and a large basement area used for storage.
Located just off South Cobb Drive, the property sits just half a mile from Campbell High School and has easy access to the Downtown Smyrna area, Truist Park/The Battery Atlanta and 1-285 and I-75.
This complex is located in a prime location in the City of Smyrna, GA. Smyrna, incorporated in 1872, is located northwest of Atlanta. Over the years, the City of Smyrna - covering approximately 15 square miles - has developed into a vital and active member of the regional landscape. The complex is also located just half a mile from Campbell High School and close proximity to several other elementary and middle schools.
The City of Smyrna has a revitalized and active downtown area including a library, community center, retail development and mixed-use development, city hall and charming homes. The city also boasts parks, jogging trails, pools, lighted tennis courts, public golf courses and much more. Smyrna also regularly hosts activities for residents and visitors like concerts and family events in the downtown area. With visionary leadership and strong community spirit, Smyrna has become one of the most popular places to reside in the metro-Atlanta area.
Location
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