16-Unit Newly Renovated Multifamily Opportunity Near Ponce City Market

549 Highland Ave NE Atlanta, GA 30312

549 Highland Ave NE, Atlanta, GA, 30312
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,600,000
Last Verified:
Nov 21, 2024

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Highlights

  • All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes
  • All units are renovated to include new kitchens and baths with quartz countertops and stainless appliances
  • All units have in-unit stacked washer/dryers and individual front and back patios/balconies
  • Centralized location with quick easy access to downtown Atlanta, Ponce City Market, Inman Park and Old 4th Ward neighborhoods
  • Walking distance to the eastside Beltline trail and nearby restaurants and retail along Highland Ave
  • Gated secured access for tenants with large common area and greenspace
  • Adjacent public dog park
  • New Publix supermarket with over ±12,000 SF of retail development coming soon adjacent to the property. See link for more details: https://atlanta.urbanize.city/post/fuqua-development-project-tax-break-old-fourth-ward
  • New redevelopment of Atlanta Medical Center (just down/across the street): https://roughdraftatlanta.com/2024/10/17/wellstarintegral-redevelopment-atlantamedical-center/

Description

16-Unit Newly Renovated Multifamily Opportunity Near Ponce City Market

Near Ponce City Market and O4W


Year Built: 1975
Building Size: 8008sq ft
Building Class: C
Lot Size: 0.15 acres


Documents

Offering Memorandum

Map of 549 Highland Ave NE, Atlanta, GA, 30312

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.