For Sale
$3,600,000

1164 Alta AveAtlanta, GA 30307

16-Unit Apartment Building, 6.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 16-unit apartment building ideally situated in Atlanta's desirable Inman Park neighborhood. The property, boasting a substantial 13,680 square feet, sits on a 0.52-acre lot and features a mix of fourteen spacious two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Recently renovated, this turnkey asset offers immediate cash flow with 100% occupancy and a compelling 6.5% cap rate. Built in 1964, the two-story building is zoned RG-3 and includes convenient on-site laundry facilities and off-street parking. The property's prime location provides residents with easy walkability to the vibrant restaurants, bars, and shops of both Inman Park and Little Five Points, ensuring high tenant demand and a strong rental income stream. The asking price for this meticulously maintained multifamily property is $3,600,000. The property's Parcel Number (APN) is 14 001400030432. This is a rare chance to acquire a stable, high-performing investment in a highly sought-after Atlanta location. The building consists of one structure.

Highlights

  • $3,600,000 asking price for a 16-unit apartment building.
  • 6.5% cap rate with 100% occupancy.
  • Located in the highly desirable Inman Park neighborhood of Atlanta, GA.
  • Recently renovated, offering turnkey ownership.
  • Features 14 two-bedroom/one-bathroom units and 2 one-bedroom/one-bathroom units.
  • Includes on-site laundry and off-street parking.

Property Details for 1164 Alta Ave

Property type
Apartment buildings
Square Feet
13,680 SF
Year Built
1964
Buildings
1
Stories
2
Lot Size (sq. ft)
22,651 SF
Units
16

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7611562
Longitude
-84.3498514
1164 Alta Ave, Atlanta, Georgia

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1164 Alta Ave
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