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ACE CITY LOFTS 87 Poplar St NW 16 Unit Apartment Building $6,000,000 ($375,000/Unit) 8.10% Cap Rate Atlanta, GA 30303
INVESTMENT HIGHLIGHTS
- A trio of historic buildings in the epic center of downtown Atlanta!
EXECUTIVE SUMMARY
Prime portfolio package! Once in a lifetime opportunity!
Multi-use (multifamily, retail & restaurant). ACE City Lofts includes 3 contiguous 3-story buildings, each over a basement level, containing 12 apartments, 2 event spaces and 2 retail spaces with 100% occupancy. 2 retail includes a sport bar & lounge and a pizza restaurant/bar. The buildings are situated on the east corner of Poplar Street and Fairlie Street at 79 Poplar Street, 85 Poplar Street, and 87-89 Fairlie Street in the heart of Fairlie/Poplar historic district. The property is surrounded by Atlanta Ventures ongoing mixed-use and tech-focused developments, is a short walk to multiple MARTA train stations, Georgia State, CNN, GWCC, Americas Mart, Mercedes-Benz Stadium, Underground Atlanta, Centennial Yards, Fulton County Courthouse and more. Flexible zoning allows the space to be used for a multitude of uses including mixed-use, retail, condos, apartments, office, etc. Numerous parking options are in the immediate area surrounding the building.
Multi-use (multifamily, retail & restaurant). ACE City Lofts includes 3 contiguous 3-story buildings, each over a basement level, containing 12 apartments, 2 event spaces and 2 retail spaces with 100% occupancy. 2 retail includes a sport bar & lounge and a pizza restaurant/bar. The buildings are situated on the east corner of Poplar Street and Fairlie Street at 79 Poplar Street, 85 Poplar Street, and 87-89 Fairlie Street in the heart of Fairlie/Poplar historic district. The property is surrounded by Atlanta Ventures ongoing mixed-use and tech-focused developments, is a short walk to multiple MARTA train stations, Georgia State, CNN, GWCC, Americas Mart, Mercedes-Benz Stadium, Underground Atlanta, Centennial Yards, Fulton County Courthouse and more. Flexible zoning allows the space to be used for a multitude of uses including mixed-use, retail, condos, apartments, office, etc. Numerous parking options are in the immediate area surrounding the building.
PROPERTY FACTS
| Price | $6,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.10% | Building Size | 31,330 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | SPI1 - SPI-1, SA7, Downtown Special Public Interest District, Sub Area 7. | ||
| Price | $6,000,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 31,330 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | SPI1 - SPI-1, SA7, Downtown Special Public Interest District, Sub Area 7. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (82)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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MAP
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ACE CITY LOFTS | 87 Poplar St NW
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