Dwell at The Alcove 340-352 Dixie Hills Cir 19 Unit Apartment Building $1,995,000 ($105,000/Unit) Atlanta, GA 30314
INVESTMENT HIGHLIGHTS
- Dwell at The Alcove presents 19 recently renovated units.
- There is attractive assumable debt available.
- There have been new systems installed and metal roofing providing durability and low-maintenance.
- There is guaranteed rental income on all one-bedroom units.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a multifamily property for sale at 340-352 Dixie Hills Circle NW in Atlanta, GA. The 19-unit value-add multifamily complex is located in Atlanta's quickly growing Dixie Hills submarket.
The property has undergone a comprehensive renovation, including the installation of a durable metal roof, ensuring low maintenance for years to come. Of the 19 units, nine one-bedroom apartments are secured with long-term leases to Partners for Home, guaranteeing steady rental income for the next 11 years. The remaining two-bedroom units offer significant upside potential, as current rents are below market rates.
The property maintains strong occupancy and offers additional value-add opportunities through enhanced management practices. Additionally, attractive assumable agency debt is available, providing flexibility for financing.
The property has undergone a comprehensive renovation, including the installation of a durable metal roof, ensuring low maintenance for years to come. Of the 19 units, nine one-bedroom apartments are secured with long-term leases to Partners for Home, guaranteeing steady rental income for the next 11 years. The remaining two-bedroom units offer significant upside potential, as current rents are below market rates.
The property maintains strong occupancy and offers additional value-add opportunities through enhanced management practices. Additionally, attractive assumable agency debt is available, providing flexibility for financing.
PROPERTY FACTS
| Price | $1,995,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 16,150 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 4/1,000 SF |
| Zoning | RG3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
SITE AMENITIES
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 10 | - | 650 - 725 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $41,360 | |
| Land Assessment | $95,000 | Total Assessment | $136,360 |
