For Sale
$3,800,000

2129 Martin Luther King Jr Dr Atlanta, GA 30310

36-unit apartment complex, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use investment opportunity presents a 36-unit apartment complex situated on a 1.27-acre lot at 2129 Martin Luther King Jr Drive SW in Atlanta, Georgia, 30310. Built in 1960, the property boasts a substantial 29,296 square feet and offers a compelling 7.00% cap rate. The asking price is $3,800,000. The property features a mix of one- and two-bedroom units, all currently leased, providing immediate and consistent rental income. On-site amenities include resident parking and laundry facilities. Recently updated common areas and exterior enhance the property's appeal. Its prime location offers easy access to major highways (like I-20), public transportation, and is conveniently close to popular areas such as West End, Mercedes-Benz Stadium, and Morehouse College. The property benefits from its position within a rapidly revitalizing neighborhood, presenting significant potential for future rental income growth. This turnkey investment is ideal for those seeking a stable rental portfolio with substantial upside in a high-demand Atlanta location. The property is zoned for mixed-use development, offering further potential for value enhancement. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Atlanta neighborhood.

Highlights

  • 36-unit apartment complex on a 1.27-acre lot in Atlanta, GA.
  • 29,296 square feet, built in 1960.
  • 7.00% cap rate, $3,800,000 asking price.
  • Mix of one- and two-bedroom units, 100% occupancy, providing immediate income.
  • On-site parking and laundry; recently updated common areas and exterior.
  • Prime location near I-20, public transit, West End, Mercedes-Benz Stadium, and Morehouse College.

Property Details for 2129 Martin Luther King Jr Dr

Property type
Mixed-use properties, Land
Square Feet
29,296 SF
Year Built
1960
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Atlanta
County
Fulton - GA
State
Georgia
Latitude
33.7510424
Longitude
-84.4581218

FAQs

What type of property is this?
Mixed-use property - 36-unit apartment complex, high ROI.
Where is the mixed-use property located?
The property is located at 2129 Martin Luther King Jr Dr Atlanta, GA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 36-unit apartment complex on a 1.27-acre lot in Atlanta, GA.; 29,296 square feet, built in 1960.; 7.00% cap rate, $3,800,000 asking price.
How can I contact the broker?
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2129 Martin Luther King Jr Dr
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