239 Howard St NE 6 Unit Apartment Building $2,950,000 ($491,667/Unit) 5.54% Cap Rate Atlanta, GA 30317

City Realty Advisors, LLC is pleased to present 239 Howard Street NE - a must-see investment opportunity to purchase a renovated six-unit, 100% leased townhouse apartment community in the residential heart of the historic tree-lined Kirkwood neighborhood of Atlanta. No detail has been overlooked when updating these six 2-bedroom/2.5-bath townhouse units. The main levels feature full-size kitchens with ample cabinet storage, quartz countertops, stainless steel appliances, and a large living room area with a convenient half bathroom. Upstairs, each of the two bedrooms has private full bathrooms. Each unit has new windows, ample natural light, stacked washer/dryer systems, and central HVAC. The property's exterior also features a new roof, painted brick facade, and updated landscaping. The property provides ample off-street parking.

This investment offers a generational opportunity to acquire an irreplaceable multifamily property in a high-barrier-to-entry Atlanta submarket. Given the limited supply of multifamily properties in the Kirkwood submarket, a new owner is likely to enjoy rent growth and capital appreciation in the long term. The property could provide further upside to a future owner through a potential lot subdivision, adding additional unit density to the overall project.

Only four miles from midtown Atlanta, the Kirkwood neighborhood features charming historic Victorian and Craftsman-style homes with tremendous walkability to nearby restaurants in Kirkwood Village (featuring El Mariachi, Petite Marche, Evergreen Butcher + Baker, and Ardens Garden) and walking trails, including the Atlanta Beltline. Kirkwood is a close-knit community with many neighborhood events, including the annual Spring Fling and Kirkwood Wine Crawl. Nearby Pratt-Pullman Yards feature other restaurants and a growing art scene. Eastlake Corners, Oakhurst, and Downtown Decatur provide further amenities just a short drive away.