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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 – 10 three-bedroom, 13 two-bedroom, and 9 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 11 three-bedroom/one-bathroom units, 13 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
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
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Auction -REO Sale: Bolden Flats | 1003-1019 Washington St SW
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