740 Cooper StAtlanta, GA 30315

Property Details for 740 Cooper St

Year built

1959

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

9,564 SF

Zone code

R5

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

14 007500041005

APU

14007500041005

Description

This exceptional 14-unit apartment building in Atlanta's Mechanicsville neighborhood presents a compelling value-add opportunity. The property, situated on a 0.358-acre lot at 740 Cooper St SW, boasts 9,564 square feet across two stories. Built in 1959, the building has undergone significant renovations, with 13 of the 14 units recently updated. The roof was replaced just five years ago. Currently, rents are below market value, offering substantial potential for rent growth and increased profitability. The asking price is $1,850,000, translating to $132,143 per unit and $193.43 per square foot. This property offers attractive assumable debt, making it an even more appealing investment for those seeking favorable financing terms. Located in a rapidly evolving area, this asset is poised for strong appreciation. The property's strong fundamentals, combined with its prime location and renovation history, make it an ideal investment for discerning buyers seeking a high-return multifamily asset in a thriving Atlanta neighborhood. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,630,733

  6.5%

  $1,505,292

  7%

  $1,397,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,891,608

  Geo Method

  $2,891,608

• Alternative Use

  Use

  Valuation

  Residential

  $1,505,292

  Hospitality

  $1,378,839

  Educational

  $1,147,178

  Medical

  $1,186,631

  Retail

  $1,784,499

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7348

Longitude

-84.3968

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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