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Auction - REO Sale: Bolden Courts | 48 Units 3164 Cushman Cir SW 48 Unit Apartment Building $250,000 ($5,208/Unit) Atlanta, GA 30311

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INVESTMENT HIGHLIGHTS

STARTING BID $250,000 | Bolden Courts | 48 Units | 25% Occupied | AUCTION FEBRUARY 16-18
48-Unit Multifamily Asset – Efficient scale for hands-on value-add execution.
Exterior Capital Improvements Completed – Prior ownership completed exterior upgrades, reducing near-term CapEx requirements.

Low In-Place Occupancy (25%) – Significant upside through lease-up and operational stabilization.
Desirable Unit Mix – 100% two-bedroom / one-bathroom units support strong renter demand and longer tenant tenure.
Value-Add Repositioning Opportunity – Ability to enhance cash flow through professional management, targeted leasing, and incremental unit improvement

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present Bolden Courts, a 48-unit multifamily property located at 3164 Cushman Circle, Atlanta, GA (the “Property”). The Property features a highly desirable unit mix of all two-bedroom/one-bathroom units and is currently operating at 25% physical occupancy, presenting a compelling value-add and lease-up opportunity for investors. There are currently 9 pending evictions at the property.
The asset benefits from exterior upgrades completed by the previous owner, improving curb appeal and reducing immediate capital needs. With substantial vacancy in place, investors have the opportunity to implement a focused lease-up strategy, stabilize operations, and drive meaningful NOI growth through improved occupancy and management efficiencies.
Located within an established Southwest Atlanta residential corridor, the property offers convenient access to major transportation routes connecting residents to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport. The surrounding area continues to experience strong demand for well-located, affordable multifamily housing, supported by population growth and expanding employment centers throughout the metro.

PROPERTY FACTS

Price	$250,000	Lot Size	3.00 AC
Price Per Unit	$5,208	Building Size	52,800 SF
Sale Type	Investment	Average Occupancy	25%
No. Units	48	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1973/2021
Property Subtype	Apartment	Parking Ratio	1.52/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B
Zoning	RG3C

Price	$250,000
Price Per Unit	$5,208
Sale Type	Investment
No. Units	48
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	3.00 AC
Building Size	52,800 SF
Average Occupancy	25%
No. Stories	2
Year Built/Renovated	1973/2021
Parking Ratio	1.52/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RG3C