Atlanta Apartment Complex Value-Add
2600 Old Hapeville Rd SW Atlanta, GA 30315
2600 Old Hapeville Rd SW, Atlanta, GA, 30315
$4,200,000
For Sale
$4,200,000
80-unit apartment complex inside I-285 in Atlanta.
Days on Market235
Property Features for 2600 Old Hapeville Rd SW
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency
Bull Realty
(404) 876-1640
Listed by
Andy Lundsberg
Source
Bullrealty
Added: Nov 25, 2025 Checked: Jul 17 at 5:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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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 $4,200,000.
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.
