Value-Add Multifamily Opportunity | 125 Units

1800 Memorial Dr SE Atlanta, GA 30317

1800 Memorial Dr SE, Atlanta, GA, 30317
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$24,375,000
Last Verified:
Jan 30, 2024
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Highlights

  • Well Located Asset: Popular Kirkwood Neighborhood of Atlanta. Walkable to several nearby shops, restaurants and other retail
  • High Growth Area: Several new developments in the surrounding area with new homes fetching as high as $1.5M
  • Heavy Lifting Complete: Exteriors recently renovated with newer roofs and windows (3-4 years old), exterior paint, awnings and other features. All electric with heat pumps throughout
  • Value-Add Potential: 50% of units are renovated, 50% are in classic condition offering value-add rental upside as units turnover. Potential to add 4-5 additional apartments, storage units or amenity space to underutilized basement area
  • Attractive Assumable Debt: Fannie Loan at 2.97% interest only - See page 6 for details
  • Tenant Amenities: Gated access, open greenspaces including Kirkwood Forest Trails (which is adjacent to the property), fenced dog-run area and in-unit and on-site laundry

Description

Value-Add Multifamily Opportunity with Attractive Assumable Debt | 125 Units

1800 & 1816 Memorial Drive


Year Built: 1962
Building Size: 9720sq ft
Lot Size: 5.3 acres


Documents

Offering Memorandum

Map of 1800 Memorial Dr SE, Atlanta, GA, 30317

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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