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Property profile & analytics

50 Mt Zion SW Rd Atlanta, GA 30354-2359

  • Garden apartment buildings
  • 62,055 SF
  • 8.13 lot acres
OFF-MARKET
Last Sale
Sep 10, 2021
$14,484,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-4693819
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • The Terraces at Highbury Court / Apartment Complex / Apartment Building
  • Travelers Aid Society / Social Services Organization
  • Nirvana At Glenrose Apartments / Apartment Complex / Apartment Building
  • MinePlus5 Productions, LLC / Film Production Company

Property Details for 50 Mt Zion SW Rd

Year built
1969
Construction
WOOD
Lot size
8.13 lot acres
Property size
62,055 SF
Zone code
RG2
Property type
Garden apartment buildings
APN
14 006700050881
APU
14006700050881

Description

This exceptional 172-unit apartment building in Atlanta, Georgia, presents a compelling value-add investment opportunity. Located at 50 Mount Zion Rd, in Fulton County, zip code 30354, this Class C multifamily property, built in 1971 and renovated in 2005, offers significant potential for investor returns. Currently operating under the Low-Income Housing Tax Credit (LIHTC) program, the property boasts an attractive assumable loan with a high loan-to-value ratio and a 5.77% interest rate, with only two years remaining of interest-only payments. The asking price is $17,200,000, translating to approximately $100,000 per unit. LIHTC rents were increased by 3% in 2024, offering immediate rental upside on new leases and renewals. The property is strategically located near major Atlanta employers, providing strong occupancy potential. Furthermore, a new owner has the option to pursue a Qualified Contract (QC) process to transition the property to market-rate rents, eliminating LIHTC restrictions. Comprehensive due diligence materials, including insurance loss runs showing no recent claims, and documents for the QC process are readily available. This property represents a rare chance to acquire a well-positioned asset with substantial upside potential in a thriving Atlanta market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Fulton
State
Georgia
Longitude
-84.3898
Latitude
33.67
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$68,014
$720,000
$922,840
$1,642,840
-
$1,800,000
$2,307,100
$4,107,100
More about this property
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