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8-Unit Multifamily Opportunity | West Midtown 514 Sunset Ave NW 8 Unit Apartment Building $680,000 ($85,000/Unit) Atlanta, GA 30318
Investment Highlights
- Fully renovated in 2018 with updated systems and modern finishes.
- Two blocks from the Westside Beltline Connector Trail and near Georgia Tech.
- Easy access to I-75, I-85, Northside Drive, and MARTA transit options.
- Located in a Qualified Opportunity Zone, offering potential tax incentives.
- Fenced private greenspace at the rear of the property.
- Situated in a high-growth area with multiple new developments nearby.
Executive Summary
514 Sunset Ave NW presents an 8-unit multifamily investment opportunity in Atlanta’s English Avenue neighborhood, just two blocks from the Westside Beltline Connector Trail and within walking distance of Georgia Tech. The property is currently 100% vacant and offered as a bank foreclosure, sold “as is.” It underwent a full gut renovation in 2018, including new electrical, plumbing, mechanical systems, and interior and exterior upgrades.
This two-story building offers unobstructed views of the downtown Atlanta skyline and includes a fenced private greenspace at the rear. Located in a Qualified Opportunity Zone, the property provides potential tax advantages for investors. The site benefits from proximity to major transportation routes, including I-75, I-85, and Northside Drive, as well as MARTA access. The surrounding area is experiencing significant growth, with new developments such as Echo Street West contributing to neighborhood revitalization.
This two-story building offers unobstructed views of the downtown Atlanta skyline and includes a fenced private greenspace at the rear. Located in a Qualified Opportunity Zone, the property provides potential tax advantages for investors. The site benefits from proximity to major transportation routes, including I-75, I-85, and Northside Drive, as well as MARTA access. The surrounding area is experiencing significant growth, with new developments such as Echo Street West contributing to neighborhood revitalization.
Property Facts
| Price | $680,000 | Building Class | C |
| Price Per Unit | $85,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,224 SF |
| No. Units | 8 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2018 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | SPI-3 SA3 | ||
| Price | $680,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,224 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2018 |
| Opportunity Zone |
Yes |
| Zoning | SPI-3 SA3 |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 14-0111-0002-154-0 | Improvements Assessment | $168,280 |
| Land Assessment | $40,000 | Total Assessment | $208,280 |
Property Taxes
Parcel Number
14-0111-0002-154-0
Land Assessment
$40,000
Improvements Assessment
$168,280
Total Assessment
$208,280
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8-Unit Multifamily Opportunity | West Midtown | 514 Sunset Ave NW
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