Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7% Cap Rate
1514 Northwest Dr NW
Atlanta, GA 30318
Highlights
- All spacious 2-story, 2 bedroom / 1.5 bath townhouse style units with exception of one 3-bedroom flat
- All 2-bedroom units have large eat-in kitchens with private rear patios
- Attractive Assumable Debt at 62% LTV, 3.49% interest fixed until 1/1/2029. Call agent for more details
- All electric units with central HVAC
- Onsite laundry room
- Onsite workshop / maintenance area for staff
- Ample off-street surface parking
- Common area greenspace for use by all tenants
- Gentrifying area of town inside I-285 with several new developments nearby
- Easy access to I-285, within 15 minutes of Truist Park (Braves Stadium) and 20 minutes of Atlanta Hartsfield Int’l Airport
Description
This 41-unit value-add multifamily on the bustling westside, is awaiting your cosmetic improvements to raise rents and create instant equity. All of the units are in average condition allowing for significant upside as units turnover, implementing a light value-add strategy.
Most all of the units are spacious townhouse style floorplans making them great for those wanting separation between tenants above in a typical flat style apartment building. In addition, these feel like homes with up front parking and walk-up entrances with private rear patios. With Marta nearby and easy access to I-285, one can get to nearby attractions like Truist Park, Cumberland Mall, Atlanta Int’l Airport and downtown Atlanta within minutes.
This property is located in Atlanta, Ga.
