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Value-Add Multifamily | 18 Units 566 SW University Ave 18 Unit Apartment Building $900,000 ($50,000/Unit) Atlanta, GA 30310
Executive Summary
Rare opportunity to buy 18 multifamily units at a very low-cost basis, just steps from the Southside Beltline Trail and Pittsburgh Yards. All units are efficiencies with their own private front and rear entrances. Property is being sold 100% vacant, allowing a new owner the flexibility to renovate and re-tenant for cash flow or tear down and redevelop the site. Convenient location with quick easy access to I-85 and Downtown Atlanta.
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 18,000 SF |
| No. Units | 18 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MRC-2-C, Beltline Overlay | ||
| Price | $900,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | MRC-2-C, Beltline Overlay |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 360 - 400 |
1 1
Property Taxes
| Parcel Number | 14-0088-0001-014-6 | Improvements Assessment | $535,640 |
| Land Assessment | $72,000 | Total Assessment | $607,640 |
Property Taxes
Parcel Number
14-0088-0001-014-6
Land Assessment
$72,000
Improvements Assessment
$535,640
Total Assessment
$607,640
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Value-Add Multifamily | 18 Units | 566 SW University Ave
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