880 N Highland Ave NE, Atlanta, GA 30306

880 N Highland Ave NE Atlanta, GA 30306

880 N Highland Ave NE, Atlanta, GA, 30306
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$5,040,000
Last Verified:
Sep 29, 2024

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Highlights

  • - 12,780 SF building with 16 units
  • - Renovated in 2016
  • - Prime location in Atlanta, GA
  • - Built in 1953
  • - Attractive investment opportunity
  • - Well-maintained low-rise/garden property

Description

Prime investment opportunity in the heart of Atlanta, GA, 880 N Highland Ave NE offers a meticulously maintained 12,780 SF low-rise/garden property. With a history dating back to 1953, the building's 16 units have been thoughtfully renovated in 2016, ensuring modern appeal while retaining its historic charm. This property is ideally suited for multifamily development, adding to its investment potential. With 100% occupancy, investors can benefit from immediate income and a strong rental market. Don't miss out on this attractive and well-positioned opportunity in the thriving Atlanta area.

Atlanta's Virginia-Highland neighborhood, home to the property at 880 N Highland Ave NE. This bustling area is renowned for its diverse mix of trendy shops, renowned restaurants, and lively entertainment venues, providing an enticing blend of work and play for professionals. The nearby BeltLine and Piedmont Park offer ample opportunities for outdoor recreation and community events, while the area's thriving arts and cultural scene adds an enriching layer to the neighborhood. With its prime location in the heart of this dynamic district, the property presents an exceptional opportunity for office building investors seeking a desirable location with a strong sense of community and connectivity.


Year Built: 1953
Building Size: 12780sq ft
Building Class: B
Lot Size: 0.43 acres


Documents

880 N Highland Ave
Flyer - 880 N Highland Ave

Map of 880 N Highland Ave NE, Atlanta, GA, 30306

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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.