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3781 Mlk Jr Dr SW - 3781 Mlk Jr Dr Southwest 26 Unit Apartment Building Offered at $3,150,000 at a 6.52% Cap Rate Atlanta, GA 30331

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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

Property Facts

Price	$3,150,000	Property Type	Multifamily
Price Per Unit	$121,154	Building Size	20,750 SF
Sale Type	Investment	No. Stories	2
Cap Rate	6.52%	Year Built/Renovated	1966/2021
Gross Rent Multiplier	7	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.
No. Units	26

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
Building Size	20,750 SF
No. Stories	2
Year Built/Renovated	1966/2021
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.