Listed by Reggie Jackson Realty, LLC
$3,000,000
Verbena Gardens Apartments
Details
APN 14 -0180-0003-053-9
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,100
Units 23
Price per SqFt $155
Class C
Year Built 1950
Buildings 1
Stories 2
Acreage 34848.000
Parking Spaces 24 spaces
Parking Per SqFt 1.49
Investment Type Value Add
Sale Condition 1031 exchange
Multifamily | 23 Units | $108,696/unit
Marketing description
Value-Add 23-Unit Opportunity in Growing West Atlanta Corridor
Positioned in the heart of West Atlanta near Dixie Hills, this 23-unit brick apartment community offers investors a strong workforce housing play with upside through rent optimization and operational improvements. Built in the late 1950s, the property features classic solid construction, efficient unit layouts, and stable demand driven by proximity to the Westside, downtown Atlanta, and major employment corridors.
Investment highlights
- 23 Units (confirm unit mix)
- Solid brick construction
- Strong in-place rental demand
- Located minutes from Downtown Atlanta, Westside Beltline expansion, and I-20
- Workforce housing with value-add potential
- Large parcel with parking and repositioning potential
- Why This Deal Makes Sense
- Rent Growth Story: 30314 continues to experience rental demand from workforce tenants and long-term Westside revitalization.
- Operational Upside: Opportunity to modernize interiors, implement RUBS (if not already), improve collections, and raise rents to market.
- Scarcity Factor: Smaller 20-unit deals are increasingly difficult to source in-town at reasonable basis.
- Ideal Buyer
- Value-add investor targeting 7%+ cap execution
- Operator experienced in West Atlanta workforce housing
- 1031 exchange buyer seeking scale in a single acquisition
- Private investor looking to reposition and refinance
Listing Contacts
Listed by Reggie Jackson Realty, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
