239 Howard Street NE, Atlanta, GA 30317
Multifamily | 5.95% CAP | 6 Units
Marketing description
City Realty Advisors, LLC is pleased to present 239 Howard Street NE - a must see investment opportunity to purchase a renovated six unit, 100% leased townhome apartment community in the residential heart of the historic tree-lined Kirkwood neighborhood of Atlanta. No detail has been overlooked to update these six 2-bedroom/2.5 bath townhome units. The main levels feature full size kitchens with ample cabinet storage, quartz countertops, stainless steel appliances, a large living room area with a convenient half bathroom. Upstairs, each of the two bedrooms have private full bathrooms. Each unit has new windows, providing ample natural light throughout, stacked washer/dryer systems and central HVAC. The exterior of the property also features a new roof, painted brick facade, and updated landscaping.The property provides ample off-street parking.
Investment highlights
This investment offers a generational opportunity to acquire an irreplaceable multifamily property in an extremely high-barrier-to-entry Atlanta submarket. Longterm, a new owner is likely to enjoy rent growth and capital appreciation given the limited supply of multifamily properties in the Kirkwood submarket. The property could provide further upside to a future owner through a potential lot subdivision, allowing additional unit density to be added to the overall project.
Only four-miles from midtown Atlanta, the Kirkwood neighborhood features charming historic Victorian and Craftsman-style homes with tremendous walkability to nearby restaurants in Kirkwood Village (featuring El Mariachi, Petite Marche, Evergreen Butcher + Baker, and Ardens Garden) and walking trails, including the Atlanta Beltline. Kirkwood is a close-knit community with many neighborhood events including the annual Spring Fling and Kirkwood Wine Crawl. Nearby Pratt-Pullman Yards feature other restaurants and a growing art scene. Eastlake Corners, Oakhurst, and Downtown Decatur provide further amenities just a short drive away.
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