Renovated Apartment Building with 8
Chamblee, GA 30341 Chamblee, GA 30341
Chamblee, GA, 30341
$1,700,000
For Sale
$1,700,000
MULTI_FAMILY - Chamblee, GA
Property Size7,109 SF
Price / SF$239.13
Days on Market122
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Standard status
- Active
Building Details
- Year built
- 1963
Listing Agency
South Fulton Office
(404) 777-9045
Roswell, GA
Listed by
Willie Acree · License #313803
(404) 903-5313
Added: Mar 18 Checked: Jul 17 at 3:06 pm
MLS# 10712669
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 7,109-square-foot apartment building with 8 fully occupied residential units. Built in 1963 and renovated in 2017, it is currently operating at 100% occupancy, generating a consistent income stream.
The building is located at 2400 Beverly Hill Dr in Chamblee, within DeKalb County, Georgia. It is positioned near major transportation routes including Interstate 285 and Interstate 85.
Zoned RM-75, the site configuration provides redevelopment potential to support up to 24 apartment units. This combination of current cash flow and zoning-supported density upside may appeal to investors seeking to hold the property as a multifamily asset or redevelop for increased unit capacity.
The building is located at 2400 Beverly Hill Dr in Chamblee, within DeKalb County, Georgia. It is positioned near major transportation routes including Interstate 285 and Interstate 85.
Zoned RM-75, the site configuration provides redevelopment potential to support up to 24 apartment units. This combination of current cash flow and zoning-supported density upside may appeal to investors seeking to hold the property as a multifamily asset or redevelop for increased unit capacity.
Key Highlights
- 7,109 SF apartment building on Beverly Hill Dr with 8 fully occupied residential units
- Year built 1963; renovated in 2017
- Operating at 100% occupancy, providing consistent income from current tenants
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.1k | $26.04 |
| − Vacancy | −$11.5k | −$1.61 |
| EGI | $173.6k | $24.43 |
| − OpEx | −$78.1k | −$10.99 |
| NOI | $95.5k | $13.43 |
7,109 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,503 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,107 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building with 8 occupied units and 2017 renovation, zoned RM-75 with potential for additional units.
Where is this apartment building located?
The property is located at Chamblee, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,109 SF apartment building on Beverly Hill Dr with 8 fully occupied residential units; Year built 1963; renovated in 2017; Operating at 100% occupancy, providing consistent income from current tenants
