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Virginia-Highland Value-Add Multifamily Portfolio | 48 Units
$8,520,000
896-890 & 905 Greenwood Ave NE; 944 & 954 St. Charles Ave NE, Atlanta, GA 30306
32,688 sqft
Building Size
1.15 acres
Lot Area
Details:
Description:
Rare opportunity to acquire a true value-add multifamily portfolio in the heart of the highly sought after Virginia-Highland Neighborhood of Atlanta. This A+ location is walking distance to all of the popular restaurants, shops and bars on North Highland Ave and also the Eastside BeltLine Trail, Ponce City Market, nearby grocery and more. It also benefits from its close proximity to Emory University making it convenient for both students and young professionals alike.
All units are in semi-original/classic condition allowing for significant value-add potential by renovating units and increasing rents. Current rents average only $1,295 per month across the portfolio. Rents for renovated 1-bedroom apartments in the area range from $1,650-$1,800. While a portfolio sale is preferred, ownership is also open to entertaining offers on individual properties.
This property is located in Atlanta, GA.
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum_Virginia_Highland_Portfolio__2_.pdf |
Location
Gallery
