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Utoy Springs PRICE REDUCTION 1200 Utoy Springs Rd 34 Unit Apartment Building $2,999,999 ($88,235/Unit) 7.76% Cap Rate Atlanta, GA 30331
Investment Highlights
- Located in the established Cascade Heights neighborhood
- Convenient access to employment, retail, and services
- Close to main shopping corridors
- Strong proximity to retail and daily-needs amenities
- Across the street from Starbucks and Publix
- Approximately 10 minutes from Downtown Atlanta / City Hall
Executive Summary
The property at 1200 Utoy Springs Road, Atlanta, GA 30331 is being offered for sale at $2,999,999 and consists of a 34-unit multifamily community. The asset currently generates an approximate NOI of $232,936 and presents an opportunity for investors seeking stabilized cash flow in a well-located Atlanta submarket. Definitely added value, with seller financing structure that makes this property work. This new property owner can find an immediate increase NOI, with this 5 building multifamily building. The secret sauce is a value-add multifamily with immediate forced appreciation. This represents a 4.2 to 5 million valuation in a short time with just small tweaks. A new buyer or group, can't loose with this large 5 unit complex, and great addition to any portfolio. Increase you net worth in 6 months!
Property Facts
| Price | $2,999,999 | Apartment Style | Garden |
| Price Per Unit | $88,235 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.30 AC |
| Cap Rate | 7.76% | Building Size | 28,600 SF |
| No. Units | 34 | Average Occupancy | 79% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Zoning | C1 - Commercial Multifamily | ||
| Price | $2,999,999 |
| Price Per Unit | $88,235 |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.30 AC |
| Building Size | 28,600 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | C1 - Commercial Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Yard
Site Amenities
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
| 2+1 | 15 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14F-0010-LL-042-6 | Improvements Assessment | $723,160 |
| Land Assessment | $187,000 | Total Assessment | $910,160 |
Property Taxes
Parcel Number
14F-0010-LL-042-6
Land Assessment
$187,000
Improvements Assessment
$723,160
Total Assessment
$910,160
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Presented by
Pendulum Capital
Utoy Springs PRICE REDUCTION | 1200 Utoy Springs Rd
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