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10 Unit Multifamily Near Downtown Atlanta 407 Sunset Ave NW 10 Unit Apartment Building $1,050,000 ($105,000/Unit) Atlanta, GA 30314
Executive Summary
Bull Realty is pleased to present this bank-owned, 10-unit apartment complex in English Avenue, just south of West Midtown and Georgia Tech and near Downtown Atlanta. The property consists of eight 1 BR / 1 BA and two 2 BR / 1 BA units and is currently 60% occupied, offering a clear value-add opportunity.
Of the four vacant units, one is newly renovated and rent-ready, while the remaining three require cosmetic improvements including flooring, paint, cabinets and select appliances. Recent property improvements include a new roof, windows, heat pumps, cabinets, doors, low-flow toilets, fresh paint and luxury vinyl tile flooring.
The property is located approximately five minutes from I-85, Georgia Tech and Mercedes-Benz Stadium, with convenient access to Downtown Atlanta, Midtown, West Midtown, Atlantic Station and Buckhead. Nearby developments include the Westside Beltline Trail, just one block away; Quarry Yards, less than one mile away; 300-acre Westside Park; and Rodney Cook Sr. Park.
With historically strong occupancy, affordable rents, and significant nearby development, the property offers investors an attractive opportunity to renovate, stabilize occupancy and increase income in a rapidly transforming Atlanta intown neighborhood.
Of the four vacant units, one is newly renovated and rent-ready, while the remaining three require cosmetic improvements including flooring, paint, cabinets and select appliances. Recent property improvements include a new roof, windows, heat pumps, cabinets, doors, low-flow toilets, fresh paint and luxury vinyl tile flooring.
The property is located approximately five minutes from I-85, Georgia Tech and Mercedes-Benz Stadium, with convenient access to Downtown Atlanta, Midtown, West Midtown, Atlantic Station and Buckhead. Nearby developments include the Westside Beltline Trail, just one block away; Quarry Yards, less than one mile away; 300-acre Westside Park; and Rodney Cook Sr. Park.
With historically strong occupancy, affordable rents, and significant nearby development, the property offers investors an attractive opportunity to renovate, stabilize occupancy and increase income in a rapidly transforming Atlanta intown neighborhood.
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $105,000 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 5,136 SF |
| No. Units | 10 | Average Occupancy | 60% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2019 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $1,050,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,136 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2019 |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $950.00 | 492 |
| 2+1 | 2 | $1,250 | 600 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-0111-0009-060-2 | Improvements Assessment | $334,000 |
| Land Assessment | $50,000 | Total Assessment | $384,000 |
Property Taxes
Parcel Number
14-0111-0009-060-2
Land Assessment
$50,000
Improvements Assessment
$334,000
Total Assessment
$384,000
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