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22994440
22994448

1247 Joseph E. Boone Blvd NW, Atlanta, GA 30314

Bull Realty
Bull Realty
Listed by Bull Realty
$6,400,000
413 days on market
Updated 54 days ago
Opportunity zone

Value-Add Multifamily Near West BeltLine Trail | 64 Units

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,529
Units 64
Year Built 1980
Year Renovated 2008
Buildings 5
Stories 2
Acreage 3.740
Zoning RG3
Parking Spaces spaces
Investment Type Value Add

Value-Add Multifamily Near West BeltLine Trail | 64 Units

Marketing description

Property Overview

• 64-Unit Value-Add Multifamily in Westside Atlanta

• Mix of 1 bed, 2 bed and 3 bed units

• Within walking distance to future Westside BeltLine Trail

• Located in a qualified opportunity zone- see page 14 for more details • Partially renovated with several recent updates throughout • All units have central HVAC

• Gated with large internal grassed courtyard area

• Playground in rear with large community garden and covered pavilion

• MARTA bus line accessible

• Easy access to downtown Atlanta

RECENT IMPROVEMENTS (RENOVATIONS)

• 51/64 units have been converted to all electric with updated breaker boxes

• 38/64 units have washer/dryer connections

• 19 out of the 38 units above have dishwashers

• Several units have been upgraded to instant hot water heaters

• Replaced windows and exterior doors

• Some electric meters on specific buildings were replaced

• Interior cosmetic renovations as needed (LED lighting, cabinets, flooring, paint, sinks, tubs, toilets, plumbing, appliances, etc.)- roughly 54 units

Assumable Debt Available for Qualified Purchasers

• Loan Amount: $3.4M

• Interest Rate: 3.67%

• Maturity: 12/2030

• Assumption Fee: 1%

Listing Contacts

Bull Realty
Bull Realty
Listed by Bull Realty

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