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French Quarter Apartments 45 Sheridan Dr NE 23 Unit Apartment Building $3,450,000 ($150,000/Unit) 7.54% Cap Rate Atlanta, GA 30305
Investment Highlights
- 23-unit multifamily in Buckhead, Atlanta, with recent renovations and strong rental upside.
- Located steps from Peachtree Road, Lenox Square, and Phipps Plaza in a high-income area.
- Onsite laundry, smart home locks, and master-metered utilities for operational efficiency.
- 3 fully furnished units allow for Airbnb rental income and flexible leasing strategies.
- Average current rent $1,101/unit with market rents up to $1,536/unit; significant growth potential.
- List price $3,450,000 ($375/SF, $150,000/unit) with NOI of $132,177.
Executive Summary
Maxx Bauman
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
| Price | $3,450,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 9,200 SF |
| Cap Rate | 7.54% | Average Occupancy | 52% |
| No. Units | 23 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RG2 | ||
| Price | $3,450,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,200 SF |
| Average Occupancy | 52% |
| No. Stories | 4 |
| Year Built | 1967 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RG2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Furnished Units Available
- Online Services
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 17-0100-0002-018-3 | Improvements Assessment | $953,000 |
| Land Assessment | $598,000 | Total Assessment | $1,551,000 |
Property Taxes
Parcel Number
17-0100-0002-018-3
Land Assessment
$598,000
Improvements Assessment
$953,000
Total Assessment
$1,551,000
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French Quarter Apartments | 45 Sheridan Dr NE
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