Historical Multifamily Sale Listing - Normandy Village Apartments

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Normandy Village Apartments

2711 Fairlee Drive, Decatur, GA 30032

N/A

26 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
26
Building Size:
19,774 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Multifamily (land)
Property Use Type:
Investment
Cap Rate:
9.17%
No. Stories:
2
Year Built:
1968
Lot Size:
2.38 AC
Parking Ratio:
1.50 / 1,000 SF
Listing ID
13816338
Last Updated
over 1 year ago

Description

26 spacious 1-bedroom units in a rapidly re-developing area near East Lake. New homes across the street are selling in the low $200s. All units have central heat & air, lots of closet space, private deck or patio. New roof one year ago & all units were refurbished with paint, carpet, countertops, vinyl flooring in kitchen. Includes extra space that could be converted into laundry for additional income. Land area is 2.38 acres, zoned RM85, so up to 33 units could be built.

Residential area just off Memorial Drive.

Map of 2711 Fairlee Drive, Decatur, GA 30032

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Created 11/28/2003