

Listed by Berkshire Hathaway Georgia
$2,150,000
Chamblee Homes
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 7,109
Units 8
Cap Rate 5.94%
NOI $127,732
Price per SqFt $302
Year Built 1963
Year Renovated 2017
Acreage 0.800
Zoning RM75
Parking Spaces 2 spaces
Parking Per SqFt 0.28
Multifamily | 8 Units | $268,750/unit
Marketing description
Introducing a rare multifamily investment opportunity located in the highly desirable Chamblee submarket of Atlanta. Situated at 2400 Beverly Hill Dr, this 7,109 square foot apartment building features 8 fully occupied residential units, providing investors with a stable and reliable income-producing asset.
Originally constructed in 1963 and renovated in 2017, the property blends classic mid-century construction with modern upgrades that appeal to today’s renters. The building currently operates at 100% occupancy, generating consistent cash flow while offering investors the opportunity to capitalize on future rent growth in a rapidly developing area of Metro Atlanta.
The property is zoned RM-75, creating a unique value-add and redevelopment opportunity. Based on the zoning and site configuration, the property has the potential to support the development of up to 24 apartment units, allowing investors or developers to significantly increase density and maximize the long-term value of the site.
Located near major transportation routes such as Interstate 285 and Interstate 85, the property offers convenient access to Atlanta’s key employment centers, retail districts, and lifestyle amenities. The surrounding area continues to benefit from strong residential demand and ongoing redevelopment activity.
With its current income stream, full occupancy, and significant redevelopment potential, 2400 Beverly Hill Dr presents a compelling opportunity for investors seeking to expand their multifamily or low-rise/garden apartment portfolio. Whether maintained as a cash-flowing asset or redeveloped into a higher-density project, this property offers both immediate returns and long-term growth potential in one of Metro Atlanta’s most active investment corridors.
Investment highlights
- 100% Occupied Multifamily Asset – The property consists of 8 fully leased apartment units, providing investors with immediate and stable rental income.
- Strong In-Place Cash Flow – The building generates approximately $168,000 in annual gross income, delivering reliable returns from day one.
- 7,109 SF Apartment Building – A well-sized multifamily property designed for efficient operations and strong tenant demand.
- Value-Add Redevelopment Opportunity – The site has the potential to support the development of up to 24 apartment units, allowing investors to significantly increase density and maximize the property’s long-term value.
- RM-75 Zoning – The zoning designation supports multifamily residential development and provides flexibility for future redevelopment or expansion.
- Renovated Property – Originally built in 1963 and renovated in 2017, blending durable construction with modern improvements.
- Prime Northeast Atlanta Location – Located in Chamblee, a rapidly growing submarket within Atlanta known for strong rental demand and redevelopment activity.
- Excellent Accessibility – Convenient access to major highways including Interstate 285 and Interstate 85, connecting the property to major employment and retail centers.
- Income + Development Upside – Investors benefit from stable current income while maintaining the opportunity to redevelop the property into a higher-density 24-unit multifamily project.
Listing Contacts


Listed by Berkshire Hathaway Georgia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,731.63
$10,644.30/mo
Valuation Metrics
0
DSCR
5.94%
Cap Rate
5.94%
ROI
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