1073 Neal PlAtlanta, GA 30314

Property Details for 1073 Neal Pl

Year built

1957

Construction

WOOD

Lot size

4.71 AC

Property size (Sq ft)

11,280 SF

Zone code

RG3

Property type

Other commercial real estate

APN

14 011400040356

APU

14011400040356

Description

This exceptional multifamily investment opportunity encompasses two adjoining properties totaling 8.69 acres at 1073 Neal Place and 324 Archer Way NW in Atlanta, GA. Strategically located directly on the Atlanta Beltline, this portfolio presents 180 units with significant potential for redevelopment or renovation. 1073 Neal Place currently has all units vacant, awaiting a complete overhaul, while 324 Archer Way maintains approximately half of its units operational, offering a solid foundation for a phased approach. The RG-3 zoning permits a range of development options, catering to both rehabilitation and new construction. Rehabilitation efforts could transform the existing structures into modern, high-demand living spaces, capitalizing on the area's popularity and the growing need for premium housing near the Beltline. Alternatively, the expansive site's prime Beltline frontage is ideal for a new Class A apartment complex or a mixed-use development, ensuring strong future appreciation due to the Beltline's ongoing enhancements and vibrant culture. This presents a compelling long-term investment opportunity with substantial upside potential. The asking price is $16,200,000, and the Fulton County APN is 14 011400040356. This is a rare chance to acquire a significant multifamily asset in a highly sought-after Atlanta location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,775,375

  Hospitality

  $1,626,234

  Educational

  $1,353,008

  Medical

  $1,399,540

  Retail

  $2,104,679

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7663

Longitude

-84.4229

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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