This exceptional 8-unit apartment building presents a compelling investment opportunity in Atlanta's coveted Midtown neighborhood. Boasting a 6.40% cap rate and a current NOI of $121,436, this stabilized property offers predictable cash flow. The building, constructed in 1925 and extensively renovated in 2021, features six one-bedroom, one-bathroom units (three with sunrooms), one two-bedroom, one-bathroom unit with a sunroom, and one studio unit. All units include updated kitchens with stainless steel appliances and granite countertops, in-unit stackable washer/dryers, renovated bathrooms, fresh paint, and new flooring. Building amenities include a secured entry, outdoor spaces, private decks/patios for rear units, and three dedicated off-street parking spaces. Individual gas and electric meters for each unit enhance efficiency. Google Fiber is available. The property's prime location offers easy access to Piedmont Park, Midtown, Downtown, and the Atlanta Beltline, presenting strong potential for short-term rentals, corporate housing, or Airbnb. The building's exterior renovations include new roofs and windows. The property is currently 100% occupied, with an occupancy date of October 22, 2024. The permitted zoning is R5. This is a turnkey investment in a high-growth area, with recent comparable home sales exceeding $2.5 million. The asking price is $1,895,000, or $236,875 per unit.
Highlights
$1,895,000 asking price for an 8-unit apartment building in Atlanta, GA.
6.40% cap rate with a $121,436 net operating income (NOI).
100% occupancy, generating predictable cash flow.
Recently renovated in 2021, featuring updated kitchens, baths, and flooring.
Prime Midtown Atlanta location, close to amenities and experiencing high growth.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
RENU LAL
Learn more
Useful Information
Request information
314 5Th St, Atlanta, Georgia, 30308
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
314 5Th St
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.