Log In/Sign Up
Your email has been sent.
Auction -REO Sale: Bolden Flats 1003-1019 Washington St SW 32 Unit Apartment Building $250,000 ($7,813/Unit) Atlanta, GA 30315
Investment Highlights
- STARTING BID $250,000 | Bolden Flats | Atlanta MSA | AUCTION MARCH 9-11
- 32-Unit Multifamily Property – Efficient scale for hands-on value-add execution.
- Exterior Capital Improvements Completed – Exterior upgrades enhance curb appeal and reduce near-term CapEx.
- Low In-Place Occupancy (50%) – Significant upside through lease-up and stabilization.
- Diverse Unit Mix – 7 three-bedroom, 15 two-bedroom, and 10 one-bedroom units.
- Interior Upside Remaining – Select renovated units provide a roadmap for continued value-add.
Executive Summary
Marcus & Millichap is pleased to present Bolden Flats, a 32-unit multifamily property located at 1003 Washington Street, Atlanta, Georgia (the “Property”). The Property features a well-balanced unit mix consisting of 7 three-bedroom/one-bathroom units, 15 two-bedroom/one-bathroom units, and 10 one-bedroom/one-bathroom units.
Bolden Flats is currently operating at 50% occupancy, presenting a compelling value-add and lease-up opportunity. Exterior upgrades have been completed, improving overall condition and curb appeal, while select units have already been renovated, allowing investors to continue a proven renovation strategy.
Located within an established Southwest Atlanta residential corridor, the property offers convenient access to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport. Strong demand for affordable and workforce-oriented housing continues to support long-term rental fundamentals in the submarket.
Bolden Flats is currently operating at 50% occupancy, presenting a compelling value-add and lease-up opportunity. Exterior upgrades have been completed, improving overall condition and curb appeal, while select units have already been renovated, allowing investors to continue a proven renovation strategy.
Located within an established Southwest Atlanta residential corridor, the property offers convenient access to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport. Strong demand for affordable and workforce-oriented housing continues to support long-term rental fundamentals in the submarket.
Property Facts
| Price | $250,000 | Building Class | C |
| Price Per Unit | $7,813 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 30,845 SF |
| No. Units | 32 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RM | ||
| Price | $250,000 |
| Price Per Unit | $7,813 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 30,845 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | RM |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Tile Floors
- Crown Molding
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Walking/Biking Trails
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 32 | - | 650 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,299,280 | |
| Land Assessment | $121,520 | Total Assessment | $2,420,800 |
Property Taxes
Parcel Numbers
Land Assessment
$121,520
Improvements Assessment
$2,299,280
Total Assessment
$2,420,800
Contacts
-
Adam Sklaver -
Marco Welch -
Scott Spalding -
Joe Mitchell -
Kyle Hynes -
Philip Kates -
John Leonard -
Marcus & Millichap
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Auction -REO Sale: Bolden Flats | 1003-1019 Washington St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.