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Executive Summary

336 units altogether on 17 acres, at present 45 % occupied, remaining under construction and 80% completed in renovation. Gated and all fenced with security system. Large management office in front with excellent employees and management team. All units on electric only no gas available. 80 units with storage space, 1 bed room 1 bath: 80 units 3-bedroom 1 bath and 176 units 2 bedrooms 1 bath. All kitchen and bathrooms with granite counter tops and updated cabinets with all new appliances. some units also have washer and dryer hookups. Has two new swimming pools; a playhouse and a coin laundry. Bring your offer ready to negotiate. Please call or text Piyusha Zope 404-542-9391 OR James Carthern 404-719-1962 Viewing only with appointments gated.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $67,000,000
Price Per Unit $199,405
Sale Type Investment
Sale Condition High Vacancy Property
No. Units 336
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Garden
Building Class C
Lot Size 17.24 AC
Building Size 301,104 SF
Average Occupancy 98%
No. Stories 2
Year Built/Renovated 1964/2024
Parking Ratio 2.86/1,000 SF
Zoning RG3

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Oven
  • Range
  • Tub/Shower
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Fenced Lot
  • Gated
  • Maintenance on site
  • Public Transportation
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 72 $950.00 500 - 620
2+1 200 $1,100 720
3+1 64 $1,200 920
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
14-0178-LL-040-4
Land Assessment
$1,640,000 (2025)
Improvements Assessment
$560,000 (2025)
Total Assessment
$2,200,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 30604350

  • Date on Market: 1/8/2024

  • Last Updated:

  • Address: 2125 Joseph E Boone Blvd, Atlanta, GA 30314

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