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Value-Add Multifamily in the Heart of Atlanta 620 Parkway Dr NE 15 Unit Apartment Building $1,725,000 ($115,000/Unit) Atlanta, GA 30308
Investment Highlights
- True Intown value-add opportunity at a low-cost basis
- Minutes from Midtown and Downtown Atlanta
- Diverse unit mix with 9’ ceilings throughout | Large basement area, ideal for tenant storage units or onsite laundry
- Prime Intown location in the highly sought after 04W neighborhood, walkable to Eastside Beltline Trail and Ponce City Market
- Prominent early 1900’s building at the traffic lit corner of North & Parkway | Off-street parking in rear
- Property is 100% vacant and needs renovation
Property Facts
| Price | $1,725,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 17,845 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RG4 | ||
| Price | $1,725,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 17,845 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | RG4 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Basement
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 9 | - | - |
| Studios | 3 | - | - |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 14-0048-0010-065-6 | Improvements Assessment | $934,080 |
| Land Assessment | $182,000 | Total Assessment | $1,116,080 |
Property Taxes
Parcel Number
14-0048-0010-065-6
Land Assessment
$182,000
Improvements Assessment
$934,080
Total Assessment
$1,116,080
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Value-Add Multifamily in the Heart of Atlanta | 620 Parkway Dr NE
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