1787 Rugby AveAtlanta, GA 30337

Property Details for 1787 Rugby Ave

Year built

1940

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

5,022 SF

Zone code

R3

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

14 015900050112

APU

14015900050112

Description

This exceptional 6-unit apartment building in College Park, GA, presents a compelling investment opportunity. Located at 1787 Rugby Ave, in Fulton County, this well-maintained property boasts a 100% occupancy rate, generating consistent rental income. The asking price is $1,125,000. Five of the six units feature updated kitchen appliances, minimizing maintenance needs and maximizing tenant satisfaction. The property's strategic location within Metro Atlanta offers easy access to amenities, transportation networks, and employment hubs, ensuring high demand for rental units. The strong rental history and current full occupancy provide immediate cash flow, making this an ideal investment for those seeking a stable, income-producing asset. Further rental increases are possible through future improvements or lease turnover. This property is perfect for long-term income generation or as a valuable addition to a diversified investment portfolio. The property's zip code is 30337. This is a multifamily property, specifically an apartment building.

• CAP approach

  CAP return

  Valuation

  6%

  $792,073

  6.5%

  $731,144

  7%

  $678,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,518,366

  Geo Method

  $1,518,366

• Alternative Use

  Use

  Valuation

  Residential

  $731,144

  Hospitality

  $669,724

  Educational

  $557,202

  Medical

  $576,366

  Retail

  $866,759

Location Insight

City

College Park

County

Fulton

State

Georgia

Latitude

33.663

Longitude

-84.4474

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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