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Poncey-Highland 10-Unit Apartment Building 678 Moreland Ave 10 Unit Apartment Building $3,200,000 ($320,000/Unit) Atlanta, GA 30306
INVESTMENT HIGHLIGHTS
- Newly gut renovated 10-unit apartment building in the popular Poncey-Highland neighborhood
- Includes extra land that could potentially be built on to create more units
- Extra Storage area in basement
- 10 spacious new units consisting of 1, 2 and 3 bedroom units
- New windows, doors, mechanicals, electric and plumbing, all units have in-unit laundry
- Steps from Little Five Points, Inman Park and Virginia Highlands
EXECUTIVE SUMMARY
Rare Opportunity to own this stunning, newly gut renovated 1950’s vintage 10-unit apartment building in the flourishing neighborhood of Poncey-Highland. The current owner brought the building down to the brick shell and reframed the interior to include all new interiors, new wiring, plumbing, HVAC, etc. These new spacious units include beautiful contemporary finishes including white cabinetry, granite countertops, stainless appliances and more. All units have in-unit laundry, and some have eat-in kitchens and/or separate sunrooms with plenty of natural light.
Situated on just shy of a half-acre site, the property feels like two separate lots with plenty of extra land that could be potentially developed with an additional apartment building with favorable zoning in place.
For financials, please complete the online confidentiality agreement found here: https://www.bullrealty.com/properties/sale/1044502?propertyId=1044502-sale
Situated on just shy of a half-acre site, the property feels like two separate lots with plenty of extra land that could be potentially developed with an additional apartment building with favorable zoning in place.
For financials, please complete the online confidentiality agreement found here: https://www.bullrealty.com/properties/sale/1044502?propertyId=1044502-sale
PROPERTY FACTS
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $320,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 13,000 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | Poncey-Highland SA-4 - https://shorturl.at/GPLiF | ||
| Price | $3,200,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1955/2022 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | Poncey-Highland SA-4 - https://shorturl.at/GPLiF |
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 14-0016-0013-026-3 | Improvements Assessment | $492,560 |
| Land Assessment | $293,000 | Total Assessment | $785,560 |
PROPERTY TAXES
Parcel Number
14-0016-0013-026-3
Land Assessment
$293,000
Improvements Assessment
$492,560
Total Assessment
$785,560
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Poncey-Highland 10-Unit Apartment Building | 678 Moreland Ave
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