1514 Northwest Dr NW Atlanta, GA 30318

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.