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3781 Mlk Jr Dr Southwest 3781 Martin Luther King Jr. Dr 26 Unit Apartment Building $3,150,000 ($121,154/Unit) 6.52% Cap Rate Atlanta, GA 30331
Investment Highlights
- Significant Capital Investment: Ownership invested $1.3M on a full gut renovation with everything new on the building other than the exterior shell
- Attractive Floorplans: All of the units are spacious two or three bedroom townhome style floorplans
- Gated Community With Security Features: Gated with control access and new video surveillance system
- Assumable Freddie Mac Financing: Current in place assumable agency financing with a 4.24% interest rate and over 6 years of remaining term
- Washer/dryer connections: Every unit includes laundry hookup
- Convenient Access to I-285 and I-20: Provides easy connectivity to Downtown, Hartsfield Jackson Airport
Executive Summary
Name
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Property Facts
| Price | $3,150,000 | Building Class | C |
| Price Per Unit | $121,154 | Lot Size | 1.65 AC |
| Sale Type | Investment | Building Size | 28,452 SF |
| Cap Rate | 6.52% | Average Occupancy | 96% |
| Gross Rent Multiplier | 7 | No. Stories | 2 |
| No. Units | 26 | Year Built/Renovated | 1966/2021 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RG3 - Residential Zoning | ||
| Price | $3,150,000 |
| Price Per Unit | $121,154 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Gross Rent Multiplier | 7 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 28,452 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 0.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RG3 - Residential Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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3781 Mlk Jr Dr Southwest | 3781 Martin Luther King Jr. Dr
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