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8-20 SE Vanira Ave
Atlanta, GA 30315
Summerhill Value-Add Multifamily Opportunity · Multifamily Property For Sale
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31 Units
Property Facts
| No. Units | 31 | Lot Size | 1.09 AC |
| Property Type | Multifamily | Building Size | 20,696 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2010 |
| Building Class | C | Parking Ratio | 2.42/1,000 SF |
| Zoning | RG2 | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 20,696 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2010 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | RG2 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
About 8-20 SE VANIRA AVE , ATLANTA, GA 30315
• 31 unit apartment complex in popular Summerhill neighborhood (see p. 15-18 for new developments coming to the area) • Offered at an estimated 7% cap rate • Located a few blocks from Georgia State Stadium and minutes from Downtown Atlanta and the Atlanta BeltLine • 100% occupied (Currently 28 units are on an annual contract with Atlanta Housing Authority. 2 units are at market rent and 1 unit is being used as an office.) • All brick construction with central HVAC throughout • Great potential future redevelopment site with unobstructed views of city skyline • Huge upside potential through renovation and increased rents
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 |
| 2+1 | 28 | - | 650 |
| 3+1 | 1 | - | 750 |
Property Taxes
| Parcel Number | 14-0055-0001-011-1 | Improvements Assessment | $1,034,080 |
| Land Assessment | $88,920 | Total Assessment | $1,123,000 |
Property Taxes
Parcel Number
14-0055-0001-011-1
Land Assessment
$88,920
Improvements Assessment
$1,034,080
Total Assessment
$1,123,000
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