1611 Harvard Avenue Atlanta, GA 30337

Listing agency Smythe Commercial

Listed by Paul Smythe · License #GA 377835

Source Crexi

Added: Apr 10 Updated: Jul 20 at 11:17PM Checked: Jul 21 at 4:27AM

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Investment Insights

Based on property information with market context.

This offering is a 71-unit multifamily portfolio in Atlanta presented for sale with management already in place. The portfolio includes a mix of multifamily buildings and smaller structures: a 24-unit property, an 8-unit property, a 6-unit property, five quadruplexes, one triplex, and five duplexes. The 24-unit property includes an income-producing laundry facility, and the overall portfolio is described as consistently maintained.

The properties are clustered within 2.5 miles of each other in areas identified as East Point, College Park, and Hapeville, and are positioned near Hartsfield-Jackson International Airport and major highways including I-85, I-75, and I-285. The portfolio is also described as including three properties that are part of the Airport’s Noise Insulation Program (NIP), with one listed address (1592 Harvard Avenue) noted as having completed the program.

The portfolio is reported at 100% occupancy, with reported 2017 net income of $298,052 and gross income of $516k.

Key Highlights

• 71‑unit Atlanta multifamily portfolio near Hartsfield‑Jackson International Airport, with current management in place (buyer encouraged to keep manager).
• Consistently reported 100% occupancy with many long‑term tenants; generated $298,052 Net Income (NOI) in 2017.
• 2017 gross income reported at $516k, with stated room to increase rents.

Property Analytics

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FAQs

What type of property is this?

Apartment building - 71-unit Atlanta portfolio with current management in place and reported 100% occupancy across multiple multifamily properties.

Where is this apartment building located?

The property is located at 1611 Harvard Avenue Atlanta, GA.

What are key features of this property?

This property features: 71‑unit Atlanta multifamily portfolio near Hartsfield‑Jackson International Airport, with current management in place (buyer encouraged to keep manager).; Consistently reported 100% occupancy with many long‑term tenants; generated $298,052 Net Income (NOI) in 2017.; 2017 gross income reported at $516k, with stated room to increase rents.