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24900637
24900636

314 5th Street NE, Atlanta, GA 30308

$1,795,000
323 days on market
Updated 148 days ago

314 5th Street - Midtown Atlanta

Details
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 7.41%
NOI $133,000
Occupancy 100%
Class B
Year Built 1925
Year Renovated 2021
Buildings 1
Stories 2
Occupancy Date 07/17/2025

Multifamily | 8 Units | 7% cap

Marketing description

Amazing Investor Opportunity, in the heart of the Midtown Garden District. This is an 8-unit Multi-Family Apartment building with upscale interior and exterior renovation and 100% leased apartment complex situated on Fifth St in midtown. The building features six 1/1's (3 of which have a bright sunroom), one 2/1 with a sunroom, and one studio unit. All units features new kitchens with SS appliances and granite countertops and each unit has its own stackable Washer/Dryers in the kitchen, renovated Bathrooms, new paint and flooring. Building has padded lock entry, front enclosed area with outdoor spaces, back units have private decks/patios. Building has three off-street concrete pad dedicated parking spaces. All units separately metered for Gas and Power. Google Fiber available. Great short term rental opportunities, corporate housing, or Airbnb potential. Minutes to Piedmont Park, Midtown, Downtown, and Atlanta Beltline.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$133,000.00
$11,083.33/mo

Valuation Metrics

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DSCR
7.41%
Cap Rate
7.41%
ROI

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