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1514 Northwest Dr NW Atlanta, GA 30318

For Sale
$4,300,000

41-unit multifamily property with value-add potential in a gentrifying area.

Building Details

Year built
1971

Source: Andy Lundsberg Agent Andy Lundsberg

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Value-Add Multifamily Investment Opportunity

This 41-unit multifamily property presents a value-add opportunity on the westside. Cosmetic improvements can potentially increase rents and build equity. The units are in average condition, offering upside through a light value-add strategy as units turnover. Most units feature spacious townhouse-style floorplans, suitable for tenants seeking separation not found in typical flat-style apartment buildings. The units have the feel of homes, with front parking, walk-up entrances, and private rear patios. The property is located near Marta and provides easy access to I-285, allowing convenient access to Truist Park, Cumberland Mall, Hartsfield-Jackson Atlanta International Airport, and downtown Atlanta. The property consists of spacious two-story, 2-bedroom, 1.5-bath townhouse-style units, with one 3-bedroom flat. All 2-bedroom units include large eat-in kitchens and private rear patios. The property features assumable debt at 62% LTV, with a 3.49% fixed interest rate until January 1, 2029. All units are all-electric with central HVAC. Onsite amenities include a laundry room, a workshop/maintenance area for staff, ample off-street surface parking, and common area greenspace. The property is located in a gentrifying area inside I-285, with several new developments nearby. It offers easy access to I-285 and is within 15 minutes of Truist Park and 20 minutes of Hartsfield-Jackson Atlanta International Airport.
Location Intelligence

Current Use by Public Records

Westside Townhomes Townhouse Complex

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Cobb
State
Georgia
Longitude
-84.4860867
Latitude
33.7950928

FAQs

What type of property is this?
Apartment building - 41-unit multifamily property with value-add potential in a gentrifying area.
Where is this apartment building located?
The property is located at 1514 Northwest Dr NW Atlanta, GA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: - Attractive assumable debt at 62% LTV, with a 3.49% interest rate fixed until 1/1/2029.; - Value-add opportunity to increase rents through cosmetic improvements.; - Spacious 2-story townhouse-style units offer a home-like feel.
More about this property
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