2612 Steele Avenue SW Atlanta, GA 30315

Building Details

Year Built

1966

Listing agency Compass Show Phone

Listed by Kesha Williams · License #325434

Source Crexi

Added: Jul 16 Updated: Jul 21 at 10:17AM Checked: Jul 21 at 10:17AM

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Investment Insights

Based on property information with market context.

Park South Apartments is a 44-unit multifamily community originally constructed in 1966 that has undergone substantial capital improvements. Ownership has completed extensive exterior renovations, including new roofs, fresh exterior paint, parking lot paving and striping, upgraded HVAC systems, water heaters, and numerous site improvements. In addition, 17 apartment homes have been fully renovated, establishing an on-site renovation program aligned with a value-add strategy.

The property is positioned within Atlanta’s South Airport Corridor and offers connectivity just minutes from Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, Interstate 75/85, Interstate 285, and Camp Creek Marketplace.

The business plan contemplates completing the remaining interior renovation program and executing ongoing lease-up and operational improvements to support long-term performance. The community is Section 8 eligible, providing additional leasing flexibility.

Key Highlights

• Park South Apartments is a 44‑unit multifamily community, originally built in 1966.
• Exterior renovations completed include new roofs, fresh exterior paint, and parking lot paving and striping.
• Capital improvements include upgraded HVAC systems and water heaters, plus numerous site improvements.

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FAQs

What type of property is this?

Apartment building - Park South Apartments is a 44-unit community with extensive exterior upgrades and 17 fully renovated apartment homes.

Where is this apartment building located?

The property is located at 2612 Steele Avenue SW Atlanta, GA.

What is the asking price?

The asking price for this property is $5,990,000.

What are key features of this property?

This property features: Park South Apartments is a 44‑unit multifamily community, originally built in 1966.; Exterior renovations completed include new roofs, fresh exterior paint, and parking lot paving and striping.; Capital improvements include upgraded HVAC systems and water heaters, plus numerous site improvements.