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20 Griffin St
Atlanta, GA 30314
Griffin Street Apartments · Multifamily Property For Sale
·
13 Units
Investment Highlights
- Located minutes from Mercedes-Benz Stadium, Georgia World Congress Center, and Centennial Olympic Park.
- Strong rental demand in the 30314 zip code due to proximity to Downtown Atlanta and employment hubs.
- Near major redevelopment projects, including Centennial Yards and Westside Park, fueling sustained neighborhood growth.
- Comprises 13 units with recent upgrades completed in 2022, improving property durability and tenant appeal.
- Zoned SPI-19-SA1 with significant upside potential for value-add improvements and rent growth.
- Convenient access to major thoroughfares and transit options supporting connectivity across the metro area.
Executive Summary
This multifamily asset at 20 Griffin St offers investors a rare opportunity to acquire a renovated, strategically located 13-unit apartment complex in the heart of Atlanta’s dynamic Westside corridor. Encompassing two buildings with a combined 10,113 square feet on a 0.47-acre site, this value-add property is positioned near key demand drivers, including the Mercedes-Benz Stadium, Georgia World Congress Center, and Centennial Yards redevelopment. Built in 1961 and significantly renovated in 2022, the property blends updated features with substantial upside potential through continued operational improvements and rent optimization.
The location provides direct connectivity to Downtown Atlanta, with easy access to economic epicenters such as the Atlanta University Center and Centennial Olympic Park. Future developments like Westside Park further enhance the neighborhood’s appeal, creating long-term stability for investors seeking sustained appreciation and robust cash flow. Zoned SPI-19-SA1, the property currently generates a Net Operating Income of $100,265 with a pro forma potential approaching $192,000. Strong rental demand, driven by proximity to employment hubs and amenities, positions this property as a compelling acquisition in a rapidly appreciating submarket.
The location provides direct connectivity to Downtown Atlanta, with easy access to economic epicenters such as the Atlanta University Center and Centennial Olympic Park. Future developments like Westside Park further enhance the neighborhood’s appeal, creating long-term stability for investors seeking sustained appreciation and robust cash flow. Zoned SPI-19-SA1, the property currently generates a Net Operating Income of $100,265 with a pro forma potential approaching $192,000. Strong rental demand, driven by proximity to employment hubs and amenities, positions this property as a compelling acquisition in a rapidly appreciating submarket.
Property Facts
| Price Per Unit | $192,308 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 10,400 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2007 |
| Apartment Style | Low-Rise | Parking Ratio | 0.19/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | SPI - SPI | ||
| Price Per Unit | $192,308 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2007 |
| Parking Ratio | 0.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SPI - SPI |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 800 |
Property Taxes
| Parcel Number | 14-0110-0009-148-6-01 | Improvements Assessment | $615,640 |
| Land Assessment | $65,000 | Total Assessment | $680,640 |
Property Taxes
Parcel Number
14-0110-0009-148-6-01
Land Assessment
$65,000
Improvements Assessment
$615,640
Total Assessment
$680,640
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