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81 E Wesley Rd NE 8 Unit Apartment Building $1,950,000 ($243,750/Unit) 8% Cap Rate Atlanta, GA 30305
INVESTMENT HIGHLIGHTS
- Great boutique multi-unit property in one of Atlanta's best neighborhoods
EXECUTIVE SUMMARY
Turn key 8-unit multi-family. Nestled in the Historic Garden Hills Neighborhood among some of Atlanta's most affluent and elegant Historic Homes. Located just north of Midtown Atlanta and moments from I-75/I-85 connections, live where suburban residential meets metropolitan, under the lush forest canopy in the heart of the City.
Fully Leased with additional income potential.
Six 2BR town homes. Two Studio units.
Each unit is individually metered for gas and electric.
Residents reimburse a flat fee for water use monthly.
Designated off-street parking lot for residents.
Location
81 E Wesley Road
Atlanta, GA 30305
Fully Leased with additional income potential.
Six 2BR town homes. Two Studio units.
Each unit is individually metered for gas and electric.
Residents reimburse a flat fee for water use monthly.
Designated off-street parking lot for residents.
Location
81 E Wesley Road
Atlanta, GA 30305
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$199,945
|
$29.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,818
|
$0.57
|
| Effective Gross Income |
$196,127
|
$29.34
|
| Taxes |
$20,334
|
$3.04
|
| Operating Expenses |
$16,372
|
$2.45
|
| Total Expenses |
$36,706
|
$5.49
|
| Net Operating Income |
$159,421
|
$23.85
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $199,945 |
| Annual Per SF | $29.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,818 |
| Annual Per SF | $0.57 |
| Effective Gross Income | |
|---|---|
| Annual | $196,127 |
| Annual Per SF | $29.34 |
| Taxes | |
|---|---|
| Annual | $20,334 |
| Annual Per SF | $3.04 |
| Operating Expenses | |
|---|---|
| Annual | $16,372 |
| Annual Per SF | $2.45 |
| Total Expenses | |
|---|---|
| Annual | $36,706 |
| Annual Per SF | $5.49 |
| Net Operating Income | |
|---|---|
| Annual | $159,421 |
| Annual Per SF | $23.85 |
PROPERTY FACTS
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $243,750 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 6,684 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R4 - Residential | ||
| Price | $1,950,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,684 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R4 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Basement
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
- Freezer
- Garden
- Handrails
- Lawn
- Linen Closet
- Office
- Pantry
- Patio
- Smoke Free
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- Recycling
- Smoke Free
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| Studios | 2 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 17-0101-0001-007-6 | Total Assessment | $496,592 |
| Land Assessment | $128,000 | Annual Taxes | $20,334 ($3.04/SF) |
| Improvements Assessment | $368,592 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
17-0101-0001-007-6
Land Assessment
$128,000
Improvements Assessment
$368,592
Total Assessment
$496,592
Annual Taxes
$20,334 ($3.04/SF)
Tax Year
2025
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81 E Wesley Rd NE
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