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The Virginian 1132 Virginia Ave NE 28 Unit Apartment Building $6,600,000 ($235,714/Unit) 6.50% Cap Rate Atlanta, GA 30306
Executive Summary
This apartment complex is one of the best located properties in all of intown Atlanta perfectly nestled within the Virginia Highlands community and down from your favorite intown restaurants and bars. The property includes 1132 and 1136 Virginia Ave which has 28 units that are all 2 bedroom 1 bath. All units have been renovated and have parking. This is one of the lowest vacancy apartment buildings in the area due to the renovations and locations of the property.
Property Facts
| Price | $6,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $235,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 6.50% | Building Size | 19,236 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Price | $6,600,000 |
| Price Per Unit | $235,714 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | High Vacancy Property |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 19,236 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2020 |
| Parking Ratio | 1.56/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $2,000 | 850 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 17-0001-0006-070-0 | Improvements Assessment | $1,389,720 |
| Land Assessment | $288,000 | Total Assessment | $1,677,720 |
Property Taxes
Parcel Number
17-0001-0006-070-0
Land Assessment
$288,000
Improvements Assessment
$1,389,720
Total Assessment
$1,677,720
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The Virginian | 1132 Virginia Ave NE
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