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877 Virginia Ave Atlanta, GA 30354

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For Sale
$1,590,000

14-unit multifamily property near Atlanta Airport and Delta Headquarters.

Building Details

Year built
1960

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Listing Contact
Andy Lundsberg
Andy Lundsberg
Source: Bullrealty

Listing Agent: Andy Lundsberg

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

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Property Insight Report

Overview

Hapeville Multifamily Value-Add Opportunity

This 14-unit multifamily property presents a value-add opportunity in a sought-after location on Virginia Avenue. The property is walkable to retail, restaurants, and landmarks such as the Delta Air Lines Headquarters, Delta Flight Museum, and downtown Hapeville. A public bus stop is conveniently located in front of the property. Situated near Hartsfield-Jackson Atlanta International Airport, it is positioned to attract airport employees and Delta staff, and could serve as a short-term rental for flight crews, pilots, or other travelers. The property is not in the flight path of the airport. All units are spacious 1 bed/1 bath flats in average condition, allowing for cosmetic upgrades as leases turnover. The property features a large open courtyard amenity space at the front of the building and off-street parking in the rear and side of the building. Most units have been upgraded to central HVAC, and all units have new windows. The roof was replaced in 2019 with a 12-year warranty, and new gutters have been installed. A main water heater for the entire building was replaced in 2023. An onsite laundry room is available. Unique features include one unit with a private deck and another with a private enclosed sunroom and fenced patio. There is an additional storage room on the second floor that could be converted to a bedroom, creating a 2 bed/1 bath unit. All units feature eat-in kitchens and ample closet and storage space. The property is a visible corner parcel with two points of ingress/egress and convenient access to I-85, I-75, and I-285.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

877 Virginia Ave Property Management Company

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Cobb
State
Georgia
Longitude
-84.4182753
Latitude
33.65903

FAQs

What type of property is this?
Apartment building - 14-unit multifamily property near Atlanta Airport and Delta Headquarters.
Where is this apartment building located?
The property is located at 877 Virginia Ave Atlanta, GA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: - Prime location near Hartsfield-Jackson Atlanta International Airport, Delta Headquarters, and downtown Hapeville.; - Value-add opportunity through cosmetic upgrades to existing 1 bed/1 bath units, increasing rental income.; - High visibility corner parcel with potential for future commercial redevelopment.
More about this property
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