Ashby Grove Apartments 1026 Ashby Grv SW 8 Unit Apartment Building $1,499,999 ($187,500/Unit) 5.60% Cap Rate Atlanta, GA 30314
INVESTMENT HIGHLIGHTS
- 1026 Ashby Grove SW is home to the Ashby Grove Apartments, an eight-unit apartment building with low vacany.
- This is a turnkey property with modern updates throughout.
- In a prominent location with proximity to Atlanta Beltline for easy suburb and metro access.
- Interstate 20 and Interstate 285 enable quick highway connections for commuting and accessibility.
EXECUTIVE SUMMARY
Dynamic Realty Solutions is pleased to present the turnkey multifamily investment opportunity of the Ashby Grove Apartments in Atlanta.
The prime eight-unit multifamily apartment building offers an exceptional investment opportunity in a thriving market. This property is in turnkey, in excellent condition, with no capital improvements required, ensuring seamless operations and peace of mind for the next owner.
Strategically located in Atlanta, this property benefits from its proximity to major transportation options, including MARTA Ashby Transit Station, just a short walk away providing easy access to the city and surrounding areas, and the Atlanta University Center, a hub of education and culture that attracts a vibrant tenant base. The property is in a well-established neighborhood surrounded by local amenities, including dining, shopping, and parks. Its desirable location makes it attractive for tenants, ensuring strong occupancy rates and rental demand.
This property is a hassle-free addition to any portfolio or an ideal start for first-time multifamily investors. Don’t miss the chance to own a high-quality, income-producing asset in one of Atlanta’s sought-after areas.
Inquire today to schedule your showing.
The prime eight-unit multifamily apartment building offers an exceptional investment opportunity in a thriving market. This property is in turnkey, in excellent condition, with no capital improvements required, ensuring seamless operations and peace of mind for the next owner.
Strategically located in Atlanta, this property benefits from its proximity to major transportation options, including MARTA Ashby Transit Station, just a short walk away providing easy access to the city and surrounding areas, and the Atlanta University Center, a hub of education and culture that attracts a vibrant tenant base. The property is in a well-established neighborhood surrounded by local amenities, including dining, shopping, and parks. Its desirable location makes it attractive for tenants, ensuring strong occupancy rates and rental demand.
This property is a hassle-free addition to any portfolio or an ideal start for first-time multifamily investors. Don’t miss the chance to own a high-quality, income-producing asset in one of Atlanta’s sought-after areas.
Inquire today to schedule your showing.
PROPERTY FACTS
| Price | $1,499,999 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 12 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,995 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2020 |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,400 | - |
| Studios | 4 | $1,125 | - |
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PROPERTY TAXES
| Parcel Number | 14-0116-0008-033-5 | Improvements Assessment | $61,240 |
| Land Assessment | $23,000 | Total Assessment | $84,240 |
CONTACT
-
Phoebe Archer - Dynamic Realty Solutions LLC
