Log In/Sign Up
Your email has been sent.
Verbena Gardens 2190 Verbena St 23 Unit Apartment Building $3,000,000 ($130,435/Unit) 4.72% Cap Rate Atlanta, GA 30314
Investment Highlights
- Located minutes from Downtown Atlanta, Westside Beltline expansion, and I-20.
- 30314 continues to experience rental demand from workforce tenants and long-term Westside revitalization.
- Large parcel with parking and repositioning potential.
- Opportunity to modernize interiors, implement RUBS (if not already), improve collections, and raise rents to market.
Executive Summary
Positioned in the heart of West Atlanta near Dixie Hills, this 23-unit brick apartment community offers investors a strong workforce housing play with upside through rent optimization and operational improvements. Built in the late 1950s, the property features classic solid construction, efficient unit layouts, and stable demand driven by proximity to the Westside, downtown Atlanta, and major employment corridors.
Property Facts
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $130,435 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.80 AC |
| Cap Rate | 4.72% | Building Size | 16,300 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.08 | No. Stories | 2 |
| No. Units | 23 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RG3 - Residential General | ||
| Price | $3,000,000 |
| Price Per Unit | $130,435 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.08 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 16,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | RG3 - Residential General |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Garden
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 23 | - | 700 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-0180-0003-053-9 | Improvements Assessment | $718,880 |
| Land Assessment | $110,000 | Total Assessment | $828,880 |
Property Taxes
Parcel Number
14-0180-0003-053-9
Land Assessment
$110,000
Improvements Assessment
$718,880
Total Assessment
$828,880
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Verbena Gardens | 2190 Verbena St