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Lender-Owned Multifamily | Atlanta MSA 3045-3051 Semmes St 10 Apartment Units Online Auction Sale Atlanta, GA 30344
Investment Highlights
- Santana Palms is a 10-unit, 10,000-SF, two-building apartment community on 0.29 acres at 3045–3051 Semmes St in East Point, zoned R1.
- Hwy 29 access plus proximity to I-75, I-85, and I-285 offer quick connectivity to Downtown Atlanta, Midtown, West End, and Hartsfield-Jackson Airport.
- Serves a durable southside workforce tied to airport, logistics, hospitality, healthcare, corp., and service jobs in East Point and nearby markets.
- All two-bedroom units average 1,000 SF, are 20% occupied, and rent for $1,493, presenting a clear lease-up and value-add opportunity.
- Approximately a 15-min walk to East Point MARTA in a city-backed Main St corridor for walkable, mixed-use, station-area investment.
- Also available for purchase as individual or portfolio: 3797 Glenwood Rd, 1204 Lakeview Dr, and 150 Fairfield Pl. All based in the Atlanta MSA.
Executive Summary
The property includes 10 apartment units across two buildings, totaling 10,000 square feet, on approximately 0.29 acres, with R1 Residential zoning. All units are two-bedroom floor plans averaging 1,000 square feet, with an average in-place rent of $1,493 and current occupancy of 20%. The existing rent profile, unit size, and low occupancy provide a straightforward path to improve operating performance through focused lease-up, management execution, and targeted value-add initiatives.
3045 and 3051 Semmes Street is situated roughly 7 to 8 miles southwest of Downtown Atlanta within the Aerotropolis market area. The property is positioned between Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, supporting renter demand from airport, logistics, hospitality, industrial, corporate, and commuter households. Highway 29 access and proximity to Interstates 75, 85, and 285 provide strong regional mobility, while the East Point MARTA Station is approximately a 15-minute walk away.
East Point’s Main Street corridor and MARTA station area remain focal points for transit-oriented planning, walkability improvements, and downtown reinvestment. Combined with broader Aerotropolis Atlanta economic development initiatives and continued Southside connectivity investment, Santana Palms is positioned to benefit from a favorable long-term demand story centered on affordability, employment access, and improving neighborhood infrastructure.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Security System
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
About East Point
As with many other neighborhoods south of downtown Atlanta, East Point is heavily driven by the presence of Hartsfield-Jackson Atlanta International Airport. The airport is Georgia's largest employment hub and generates more than $35 billion in direct economic impact in a typical year. Delta signed a new 20-year lease in 2016, and the airport is undergoing a $6 billion renovation. Several projects have come on the heels of these announcements, including plans for office developments and hotels adjacent to the airport such as Six West in College Park.
East Point also benefits from its proximity to Atlanta’s urban core and boasts strong highway and public transit connectivity. The East Point MARTA station provides rail access to the airport and points to the north, east, and west, and nearby Interstate 85 connects the area to the rest of Atlanta via roadway.
Multifamily properties in East Point draw from a robust blue-collar renter pool in the area. Many of East Point’s workers are employed at the airport or at one of the many industrial facilities in the surrounding area. Value-seeking investors are often drawn to apartments in this area, as pricing is typically below the Atlanta market average.
Sale Advisor
Sale Advisor
Nick Steen, Senior Associate
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Lender-Owned Multifamily | Atlanta MSA | 3045-3051 Semmes St
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Lender-Owned Multifamily | Atlanta MSA | 3045-3051 Semmes St
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