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641 POWDER SPRINGS ST SE Smyrna GA 30080-3400

[Locked] • APN 17-0376-0-055-0

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 10,556
Lot SqFt 27,227
Acreage ******
Number of Units 14
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RM-12
Year Built 1965
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Mortgage Amount ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Cap Rate
******
Marketing Description

Rare opportunity to purchase a true value-add multifamily deal in the popular north-metro Atlanta suburb of Smyrna. The property is currently approximately 60% occupied and is not stabilized and is being offered as a value-add opportunity with significant upside potential through lease-up and operational improvements. Please refer to the pro forma on page six for projected stabilized performance.

The complex consists of 14 spacious 1-bedroom/1-bath units, all with large eat-in kitchens. The majority of the current rents are well below market, allowing for significant upside for a new owner through lease-up and cosmetic interior improvements. All units feature central HVAC and separate water heaters. The property also offers ample off-street parking, a coin laundry room on-site, and a large basement area for storage.

Located just off S. Cobb Drive, the property sits approximately half a mile from Campbell HS and provides easy access to Downtown Smyrna, Truist Park/The Battery Atlanta, and I-285 and I-75.

Investment Highlights
  • 14-unit multifamily complex in Smyrna, GA
  • All 1 Bd/1 Ba units
  • Value-add potential with below market rents
  • All units have central HVAC and separate water heaters
  • Large eat-in kitchens
  • Off-street parking
  • Close proximity to I-75, I-285 and Truist Park
  • Large basement area for storage
  • On-site coin laundry
Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Document Number
******
Document Type
******
Recording Book
******
Recording Page
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Seller 1 Name
******
Transfer Tax
******
Sold By
******
Sold To
******
Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Rare opportunity to purchase a true value-add multifamily deal in the popular north-metro Atlanta suburb of Smyrna. The complex consists of fourteen spacious 1 bedroom / 1 bath units, all with large eat-in kitchens. The majority of the current rents are well below market allowing for significant upside for a new owner with some cosmetic interior improvements. All units have central HVAC and separate water heaters. The complex also has ample off-street parking, a coin laundry room on-site and a large basement area used for storage.

Located just off South Cobb Drive, the property sits just half a mile from Campbell High School and has easy access to the Downtown Smyrna area, Truist Park/The Battery Atlanta and I-285 and I-75.

Investment Highlights
  • 14-unit multifamily complex in Smyrna, GA
  • All 1 Bd / 1 Ba units
  • Value-add potential with below market rents
  • All units have central HVAC and separate water heaters
  • Large eat-in kitchens
  • Off-street parking
  • Close proximity to I-75, I-285 and Truist Park
  • Large basement area for storage
  • On-site coin laundry

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
AL
Andy Lundsberg
•••.•••.1640
••••••berg@••••••••••.com
Brokerage logo
Listing removed on
 BY:
MW
Michael Wess
•••.•••.1640
•wess@••••••••••.com
Brokerage logo

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