Beltline Facing One Bedroom
821 Ralph McGill Boulevard 2303 Atlanta, GA 30306
For Sale
$289,900
One bedroom unit on the Beltline with modern amenities.
Property Size800 SF
Lot Size0.02 Acres
Price / SF$362.38
Days on Market561
Property Features for 821 Ralph McGill Boulevard 2303
General Information
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency:
Atlanta Communities
(678) 896-3012
Listed By:
Carol Williams · License #360159
(678) 896-3012
Source:
Exitrealty
Added: Jan 9, 2025
Changed: Jul 10
Last Checked: Jul 23 at 5:50AM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
Located directly on the Beltline, this residential income property is within a 10-minute walk to restaurants, shops, and parks. This is the largest one-bedroom floor plan in the building and offers a sunny view. The open-concept unit features a kitchen, living room, and separate dining area. Wood floors are present throughout. The unit is well-maintained, with a new HVAC system and water heater installed within the last 5 years. The kitchen is appointed with granite countertops and stainless steel appliances. The spacious bathroom includes an oversized soaking tub, a generous vanity, and granite countertops. The primary bedroom features a large walk-in closet. Community amenities include gated and covered parking, a pool, a fitness center, electric vehicle charging stations, Google Fiber, and a secure package room for deliveries. The property size is 800 square feet.
Key Highlights
- Direct access to the Beltline, with restaurants, shops, and parks within a 10‑minute walk.
- Largest one‑bedroom floor plan in the building with a sunny view.
- Gated and covered parking, pool, and fitness center.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.8k | $21.00 |
| − Vacancy | −$756 | −$0.95 |
| EGI | $16.0k | $20.06 |
| − OpEx | −$7.2k | −$9.02 |
| NOI | $8.8k | $11.03 |
800 SF · lease $21.00/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$126.1K
$110.3K – $147.1K
NOI $8,824 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.6K
$195.7K – $260.9K
NOI $15,654 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beacon Management Services
Property Management Company
821 Ralph McGill ...
Condominium Complex
Orbital Plastics Consulting
Engineer
bbr marketing
Advertising Agency
Ramie E. Sodaro, ...
Marriage Or Relationship Counselor
FAQs
What type of property is this?
Residential income property - One bedroom unit on the Beltline with modern amenities.
Where is this residential income property located?
The property is located at 821 Ralph McGill Boulevard 2303 Atlanta, GA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Direct access to the Beltline, with restaurants, shops, and parks within a 10‑minute walk.; Largest one‑bedroom floor plan in the building with a sunny view.; Gated and covered parking, pool, and fitness center.
