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600 Parkway NE Drive

$3,300,000

600 Parkway NE Drive, Atlanta, GA 30308

Active
Last Updated: 02/27/2025

7

Cap Rate

255,258

NOI

Details:
Cap Rate:    7%
NOI:    $255,258
Year Built:    1930
Parking Spots:    20
Highlights:
  • Lot Features: Level
  • Gross Income: 296592
  • Number Of Buildings: 1
  • Bathrooms Total: 0
  • Documents Available: None
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Electric: None
  • Flooring: Hardwood
  • Construction Materials: Brick 4 Sides
  • Parking Features: Parking Lot
  • Accessibility Features: None
  • Security Features: None
  • Buyer Agency Compensation: 2
Description:

Irreplaceable 12-unit asset situated between Ponce City Market and The Fox Theater. All units currently rented out, 10 of which were renovated. Easy Cash Flow with long term rental growth in this ideal intown location. MARTA, Restaurants, Shopping, Fourth Ward Park & so much more are just minutes away! 12 varying opportunities ranging from 5 - 1/1s, 3 - 2/1s and 4 3/2s, all currently hosting tenants. Perfect for residential investment, land play for future high rise opportunity, or buy, hold, and wait for future land plan or redevelopment.

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Today's Available Mortgage Rates

600 Parkway NE Drive, Atlanta, Georgia 30308

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 08/09/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$15,886 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,475,000 Loan Amount
Details
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$16,083 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,475,000 Loan Amount
Details
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$16,235 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,475,000 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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