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1800 Memorial Dr SE
Atlanta, GA 30317
Value-Add Opportunity | 2.97% Assumable Debt · Multifamily Property For Sale
·
125 Units
Investment Highlights
- Well Located Asset: Popular Kirkwood Neighborhood of Atlanta. Walkable to several nearby shops, restaurants and other retail
- Heavy Lifting Complete: Exteriors recently renovated with newer roofs and windows (3-4 years old), exterior paint, awnings and other features
- Attractive Assumable Debt: Fannie Loan at 2.97% interest only - See page 6 of OM for details
- High Growth Area: Several new developments in the surrounding area with new homes fetching as high as $1.5M
- Value-Add Potential: 50% of units are renovated, 50% are in classic condition offering value-add rental upside as units turnover
- Tenant Amenities: Gated access, open greenspaces including Kirkwood Forest Trails (which is adjacent to the property)and fenced dog-run area
Property Facts
| No. Units | 125 | Lot Size | 5.30 AC |
| Property Type | Multifamily | Building Size | 231,303 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1962 |
| Zoning | RM75 | ||
| No. Units | 125 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.30 AC |
| Building Size | 231,303 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | RM75 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Hardwood Floors
- Carpet
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Picnic Area
- Property Manager on Site
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 750 |
| 2+1 | 106 | - | 900 |
| 3+1.5 | 2 | - | 1,100 |
Property Taxes
| Parcel Number | 15-206-03-126 | Improvements Assessment | $5,223,680 |
| Land Assessment | $712,320 | Total Assessment | $5,936,000 |
Property Taxes
Parcel Number
15-206-03-126
Land Assessment
$712,320
Improvements Assessment
$5,223,680
Total Assessment
$5,936,000
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