2600 Old Hapeville Rd SW Atlanta, GA 30315

This 80-unit apartment complex presents a value-add opportunity inside I-285 in Atlanta. The property requires renovation, with 25% of the units online, of which 10% are currently occupied. The remaining 75% of the units exhibit varying degrees of damage and deferred maintenance, including fire damage affecting 4 units, past water damage, and vandalism. The property was last sold in December 2022 for $10,000,000. The spacious units offer the potential to convert all 2-bed/1-bath units into 2-bed/2-bath units with open kitchen-to-living-room floor plans and the potential to add in-unit laundry. All units have private balconies or patios. The property features open greenspace and an underutilized basement in one of the buildings, allowing for the potential addition of tenant amenities. The property is gated and includes a leasing office. There is excess land to add a playground and other amenities. The location is adjacent to Cleveland Avenue Elementary School, with quick access to I-75, I-85, I-285, downtown Atlanta, and the Atlanta International Airport. The property sits on 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta, offering potential redevelopment opportunities in the future.