For Sale
$4,500,000

1200 Mobile StAtlanta, GA 30314

Award-winning, renovated Atlanta apartments

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 40-unit apartment building, totaling 14,616 square feet, presents a compelling investment opportunity. Situated on a 0.66-acre lot in Atlanta's burgeoning Westside, near the future Westside BeltLine Trail and planned greenspace, this property boasts a prime location. Completely renovated between 2021 and 2022, the five, two-story buildings feature 40 fully furnished studios, each equipped with state-of-the-art appliances, designer furnishings, in-unit laundry, and European-style bathrooms. Shared balconies or patios enhance the living experience. The property includes off-street parking with gated access and is conveniently located minutes from Downtown Atlanta and the Ashby MARTA station. The property's transformation earned it prestigious awards for innovative development and community impact. All units are restricted to 60% of the area median income. The property is zoned RG2, BeltLine Overlay, and the sale is subject to a non-governmental Land Use Restrictive Agreement (LURA). Detailed information regarding the LURA is available upon request. This is a rare chance to acquire a high-performing, award-winning asset in a rapidly appreciating area of Atlanta. The asking price is $4,500,000. The property's APN is 14 011500020522.

Highlights

  • 40 highly efficient, affordable multifamily units in Atlanta's Westside.
  • Completely renovated in 2021-2022 with new systems and finishes.
  • Fully furnished units with kitchenettes, washer/dryer combos, and Murphy beds.
  • Units feature large shared balconies or patios.
  • Secured, off-street parking.
  • Minutes from Downtown Atlanta and the Atlanta University Center.

Property Details for 1200 Mobile St

Property type
Apartment buildings
Square Feet
14,616 SF
Year Built/Renovated
1960/2021
Buildings
5
Stories
2
Lot Size (sq. ft)
28,750 SF
Units
40

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.762060452369
Longitude
-84.427177261831
1200 Mobile St, Atlanta, Georgia

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1200 Mobile St
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