Large Triplex in the Heart of Midtown | Ansley Park

71 17th Street NE Atlanta, GA 30309

71 17th Street NE, Atlanta, GA, 30309
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,350,000
Last Verified:
Nov 08, 2024

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Highlights

  • Large 3-unit apartment building in the heart of Ansley Park, Atlanta
  • All spacious 2 bed/1 bath layouts
  • All units have custom kitchens, in-unit laundry and private patios Ideal owner-occupant or investor opportunity
  • Off-street parking in rear, including a 1-car garage
  • R-4, Non-conforming zoning Walking distance to Piedmont Park, local restaurants, Arts Center MARTA station, the Atlanta BeltLine and other city amenities
  • Easy access to I-85, Downtown Atlanta & Buckhead
  • The property is currently vacant

Description

Opportunity to acquire The Savannah, a charming, 3-unit, multifamily building located in a fantastic location in the heart of Ansley Park, Atlanta, just steps away from Peachtree Street in Midtown. This property is an ideal owner-occupant or investor opportunity in one of the hottest markets of the city.

The offering includes three spacious 2 bed/1 bath units that were renovated in 2021 with full custom kitchens including granite countertops and stainless-steel appliances, new baths, etc. The units also include in-unit laundry and separate outdoor patios in the rear. The property also features off-street parking and a 1-car garage.

This property presents an investor the opportunity to purchase a multifamily property in a coveted location in the heart of Ansley Park, just east of Midtown and west of Piedmont Park. In addition to being minutes away from Piedmont Park, the property is within walking distance to several restaurants and shops, the High Museum of Art, the Arts Center MARTA Transit Station, the Atlanta Botanical Garden, Atlantic Station, and the BeltLine.

The area draws tenants from its proximity to the Midtown Financial District, Federal Reserve, Price Waterhouse Cooper (PwC), King and Spalding, Emory Hospital Midtown, Georgia Tech, Google, Emory University, SCAD, and Georgia State University. Midtown has steadily remained one of the strongest rental markets in Metro Atlanta.

This property presents an investor the opportunity to purchase a multifamily property in a coveted location in the heart of Ansley Park, just east of Midtown and west of Piedmont Park. In addition to being minutes away from Piedmont Park, the property is within walking distance to several restaurants and shops, the High Museum of Art, the Arts Center MARTA Transit Station, the Atlanta Botanical Garden, Atlantic Station, and the BeltLine. The area draws tenants from its proximity to the Midtown Financial District, Federal Reserve, Price Waterhouse Cooper (PwC), King and Spalding, Emory Hospital Midtown, Georgia Tech, Google, Emory University, SCAD, and Georgia State University. Midtown has steadily remained one of the strongest rental markets in Metro Atlanta.


Year Built: 1920
Building Size: 5667sq ft
Lot Size: 0.14 acres


Documents

Rent role 71 17th.csv
71 7th St - Notes.docx
Offering Memorandum

Map of 71 17th Street NE, Atlanta, GA, 30309

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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.