For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

2600 Old Hapeville Rd SW Atlanta, GA 30315

Loading data...
Loading data...
Loading data...
For Sale
$5,200,000

80-unit apartment complex inside I-285 in Atlanta.

Building Details

Year built
1969

Source: Andy Lundsberg Agent Andy Lundsberg

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


Overview

Atlanta Apartment Complex Value-Add Opportunity

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.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

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
-84.3920791
Latitude
33.6838039

FAQs

What type of property is this?
Apartment building - 80-unit apartment complex inside I-285 in Atlanta.
Where is this apartment building located?
The property is located at 2600 Old Hapeville Rd SW Atlanta, GA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: - Significant value-add potential through renovation and repositioning of a distressed 80-unit apartment complex.; - Located inside I-285 in Atlanta, offering convenient access to major transportation routes, downtown, and the airport.; - Opportunity to convert existing 2 bed/1 bath units into more desirable 2 bed/2 bath units with modern, open floor plans.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message