2099 Martin Luther King Junior Dr Northwest Atlanta, GA 30310
Value-add multifamily property in Atlanta's West End neighborhood.
Building Details
- Year built
- 1954
Source:
Bullrealty
Listing Agent: Andy Lundsberg
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West End Multifamily Investment Opportunity
This multifamily property is located in the West End area of Atlanta, offering a value-add opportunity. The property consists entirely of two-bedroom, one-bathroom floor plans. Rents are significantly below market rates, presenting an opportunity for immediate upside as units turn over. Most units are in classic condition, with some upgrades present in select units. All units feature central HVAC and in-unit laundry connections. The property is separately metered for electric and gas, with water being common. The property is located directly across from the historic Westview Cemetery. Marta bus access is available in front of the property, and there is easy access to I-20, downtown Atlanta, and the West End Neighborhood. The pro forma cap rate is 8.5%.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.4263
- Latitude
- 33.7264
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FAQs
What type of property is this?
Apartment building - Value-add multifamily property in Atlanta's West End neighborhood.
Where is this apartment building located?
The property is located at 2099 Martin Luther King Junior Dr Northwest Atlanta, GA.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: - Immediate upside potential due to significantly below-market rents.; - Pro Forma Cap Rate of 8.5%.; - All units feature desirable 2 bed / 1 bath floor plans.