Atlanta Apartment Complex Value-Add
For Sale
$3,500,000
2600 Old Hapeville Rd SW, Atlanta, GA 30315
80-unit apartment complex inside I-285 with significant value-add potential.
Property SizeContact for details
Lot Size6.00 Acres
Days on Market210
Property Features for 2600 Old Hapeville Rd SW
General Information
Standard status
Active
Lot size
6.00 Acres
Property subtype
Multifamily
Building Details
Buildings
8
Listing Agency:
Bull Realty
Listed By:
Andy Lundsberg · License #256959
(404) 876-1640
Source:
Tcnworldwide
Added: Mar 6
Changed: Sep 10
Last Checked: Oct 2 at 6:06PM
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 is an opportunity to acquire an 80-unit apartment complex inside I-285 in Atlanta. The property requires renovation, with 25% of the units online, and 10% of these currently occupied. The remaining 75% of the units have varying degrees of damage and deferred maintenance, including fire damage affecting 4 units, past water damage, and vandalism. The property last sold for $10,000,000 in December 2022. The units are spacious with separate dining areas and ample closet space. All units have private balconies off the living rooms. There is an onsite leasing office. The gated property includes a large greenspace/courtyard between the buildings and mature trees. One of the buildings has underutilized basement space that could be converted to onsite laundry. There is excess land to add a playground and/or other amenities. The property offers potential redevelopment opportunities with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta. It is adjacent to Cleveland Avenue Elementary School and provides easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport. There is potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans.
Key Highlights
- Significant value‑add potential through renovation of an 80‑unit apartment complex.
- Located inside I‑285 in Atlanta in a gentrifying neighborhood.
- Potential redevelopment opportunity on 6+ acres of land.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
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Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 80-unit apartment complex inside I-285 with significant value-add potential.
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 $3,500,000.
What are key features of this property?
This property features: Significant value‑add potential through renovation of an 80‑unit apartment complex.; Located inside I‑285 in Atlanta in a gentrifying neighborhood.; Potential redevelopment opportunity on 6+ acres of land.
