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    20 Griffin St Atlanta, GA 30314

    For Sale
    $2,500,000

    13-unit apartment complex, high ROI potential.

    Property size:
    10,113 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 13-unit apartment building located at 20 Griffin St NW, Atlanta, GA 30314. The property, built in 1961 and renovated in 2022, sits on a 0.47-acre lot and comprises two, two-story buildings totaling 10,113 square feet of net rentable space. Currently boasting 61.5% occupancy, the property generates a Net Operating Income (NOI) of $100,265, with a pro-forma NOI projected at $192,000. The asking price is $2,500,000. This value-add investment is zoned SPI-19-SA1 and offers significant upside potential due to its prime location near Mercedes-Benz Stadium and the Georgia World Congress Center, as well as proximity to the Atlanta University Center Consortium and Centennial Olympic Park. The property benefits from strong rental demand in the 30314 zip code, fueled by its convenient location and access to major employment centers and amenities. Future developments, including Westside Park and the Centennial Yards project, are expected to further enhance the property's value and desirability. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Atlanta market. The property features 13 units and one pad.

    Property Features for 20 Griffin St

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,113 SF
    Lot Size
    20,473 SF

    Building Details

    Year Built/Renovated
    1961/2022
    Buildings
    2
    Stories
    2
    Units
    13

    HighLights

    • Prime Atlanta location near major economic drivers and amenities.
    • High rental demand in the 30314 zip code due to proximity to downtown and employment hubs.
    • Value‑add opportunity through renovations and market‑rate rent adjustments.
    • Near Mercedes‑Benz Stadium, Georgia World Congress Center, and the Atlanta University Center.
    • Close to Centennial Olympic Park and Ponce City Market.
    • Proximity to the future Westside Park and Centennial Yards development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4121166
    Latitude
    33.7552419

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    FAQs

    What type of property is this?
    Multifamily property - 13-unit apartment complex, high ROI potential.
    Where is this multifamily property located?
    The property is located at 20 Griffin St Atlanta, GA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime Atlanta location near major economic drivers and amenities.; High rental demand in the 30314 zip code due to proximity to downtown and employment hubs.; Value-add opportunity through renovations and market-rate rent adjustments.
    Request Owner's contact information
    20 Griffin St Atlanta, GA 30314
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    Atlanta, GA 30314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Griffin St Atlanta, GA 30314
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