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846 Briarcliff Road 846 Briarcliff Rd 21 Unit Apartment Building $1,650,000 ($78,571/Unit) 5.24% Cap Rate Atlanta, GA 30306
Investment Highlights
- Historic Building
- Walkable Neighborhood
Executive Summary
Charming, historic 6 unit apartment building located in superb location. Property is fully occupied and has strong rents and further growth potential. Walking distance to Virginia Highland, Poncey Highland, Ponce City Market, the Beltline and more! Tudor style building has loads of original details, high ceilings, hardwood flooring, moldings, original windows, vintage plumbing features, vintage tile and more! Main level features 3 units(2 1-bedroom units, and 1 studio), upper level features a large 3 bedroom unit and an additional studio unit, lower level features a large 1 bedroom unit with bonus room and large patio area. Property features a communal patio area and 6 space parking lot in the rear. Do not disturb tenants.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $78,571 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 15,033 SF |
| Cap Rate | 5.24% | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM100 | ||
| Price | $1,650,000 |
| Price Per Unit | $78,571 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 15,033 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | RM100 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,180 | 1,400 |
| 3+2 | 4 | $3,225 | 2,000 |
| 1+1 | 3 | $1,750 | - |
| Studios | 2 | $1,795 | - |
| Studios | 5 | $1,505 | - |
| 1+1 | 6 | $1,875 | - |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-241-03-014 | Total Assessment | $520,000 (2025) |
| Land Assessment | $59,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $460,800 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
15-241-03-014
Land Assessment
$59,200 (2025)
Improvements Assessment
$460,800 (2025)
Total Assessment
$520,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
846 Briarcliff Road | 846 Briarcliff Rd