Award Winning Affordable Multifamily Near Westside BeltLine Trail | 40 Units
1200 Mobile St NW
Atlanta, GA 30314
Highlights
- 40 highly-efficient affordable multifamily units located in Atlanta’s Westside
- Recently gut renovated (2021-22) throughout with all new electrical, plumbing, mechanicals, roofs, windows, doors, interiors, etc.
- Fully-furnished units with murphy beds, fully equipped kitchenettes and washer-dryer combo in all units
- All units feature large shared exterior balconies or patio space
- Property has off-street parking with gated/secured access
- Conveniently located just minutes from Downtown Atlanta and Atlanta University Center
- Walking distance to Ashby MARTA rail station with easy access to MARTA bus service
- Nearby amenities include the future Westside BeltLine Trail (1 block away) and future greenspace/park across the street
- Sale subject to a non-governmental Land Use Restrictive Agreement (LURA). See page 5 for more details
Description
Bull Realty is pleased to present this opportunity to purchase this newly renovated, award winning affordable multifamily property in Atlanta’s popular up and coming Westside, also known as 12 Hundred Studios. What started as a blighted 20-unit apartment building has transformed into a vibrant affordable housing solution with rents restricted to 60% of the area median income. A first of its kind, the current owners pioneered the idea of converting this old, tired, crime ridden apartment complex into 40 highly-efficient fully furnished affordable housing options for the local community, thus drastically improving the neighborhood and immediate area. So much so that they were awarded the Atlanta Regional Commission Regional Excellence Award in 2023 for “Innovative Development” and the Costar Community Impact Award for “Best New Multifamily Development in Atlanta”. For more information on both of these awards and the ribbon cutting ceremony with the Atlanta Mayor, please refer to page 14 of this offering.
These fully-furnished luxurious studios feature state-of-the-art appliances, designer furnishings, in-unit laundry and European style bathrooms, along with shared balconies/patios for all units. The exterior of the property also went through a major transformation with vibrant new murals painted by local well-known muralists and improved security with gated access throughout. Not only is the property located just steps from the future Westside BeltLine Trail and across the street from future planned greenspace, but also offers quick and easy access to MARTA and downtown Atlanta within minutes.
Atlanta, GA
