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10 Unit Value-Add Near Downtown Atlanta 695 Cameron M Alexander Blvd NW 10 Unit Apartment Building $1,100,000 ($110,000/Unit) Atlanta, GA 30318
INVESTMENT HIGHLIGHTS
- This value-add multifamily investment includes 10 units, currently 50% occupied by short-term leases, offering immediate growth potential.
- Fantastic location places the complex within walking distance to Georgia Tech University and Coca-Cola Headquarters.
- Remaining units are down and in need of renovation, allowing the upside to update the building and capture growing submarket rents.
- This building attracts tenants with convenient access to Midtown, West Midtown, and Interstates 75 and 85.
EXECUTIVE SUMMARY
695 Cameron M Alexander Boulevard NW offers a 10-unit value-add multifamily opportunity near downtown Atlanta. The property is currently only 60% occupied with tenants at will, making it ideal for an investor who wants to renovate immediately and increase rents. The other 40% of units are down and need full renovation. All the two-bed units have central heat and window AC, and the two one-bed units have window heat and AC. The building’s roof and gutters have been replaced within the last 5 years.
695 Cameron M Alexander Blvd NW is situated in a great up-and-coming location within walking distance to Georgia Tech University and Coca-Cola Headquarters. The property is located just one block from the new Westside Beltline Spur, a great amenity which connects to the Mercedes Benz Stadium and the Westside Beltline. There are many new developments in the area, including Echo West, the new Westside Quarry Park and more. This fantastic location provides easy access to Midtown, West Midtown, and Interstates 75 and 85.
Owner financing is available for qualified purchasers with at least a 30% down payment, 6% interest, 3-5 yr balloon. 1st lien position only. Owner financing terms are non-negotiable.
Current gross rents on the 6 occupied units are around $6,400.00 per month.
695 Cameron M Alexander Blvd NW is situated in a great up-and-coming location within walking distance to Georgia Tech University and Coca-Cola Headquarters. The property is located just one block from the new Westside Beltline Spur, a great amenity which connects to the Mercedes Benz Stadium and the Westside Beltline. There are many new developments in the area, including Echo West, the new Westside Quarry Park and more. This fantastic location provides easy access to Midtown, West Midtown, and Interstates 75 and 85.
Owner financing is available for qualified purchasers with at least a 30% down payment, 6% interest, 3-5 yr balloon. 1st lien position only. Owner financing terms are non-negotiable.
Current gross rents on the 6 occupied units are around $6,400.00 per month.
PROPERTY FACTS
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $110,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 6,358 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 60% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | SPI 3, SA 3 | ||
| Price | $1,100,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,358 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1962 |
| Opportunity Zone |
Yes |
| Zoning | SPI 3, SA 3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 14-0111-0002-155-7 | Improvements Assessment | $302,640 |
| Land Assessment | $50,000 | Total Assessment | $352,640 |
PROPERTY TAXES
Parcel Number
14-0111-0002-155-7
Land Assessment
$50,000
Improvements Assessment
$302,640
Total Assessment
$352,640
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10 Unit Value-Add Near Downtown Atlanta | 695 Cameron M Alexander Blvd NW
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