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Renovated Apartment Building Opportunity

Chamblee, GA 30341 Chamblee, GA 30341

Chamblee, GA, 30341

$1,700,000

For Sale

$1,700,000

MULTI_FAMILY - Chamblee, GA

Property Size7,109 SF

Price / SF$239.13

AddedJul 3

Days on Market13

Last RefreshJul 15 at 4:06 am

Property Features

General Information

Property type: Residential Multi Family
Property subtype: Other
Standard status: Active

Building Details

Year built: 1963

Listing agent Willie Acree License #313803

Listing office South Fulton Office Roswell, GA

Listing date Jul 3, 2026

MLS# 7737106

Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The property is a multifamily apartment building constructed in 1963 and renovated in 2017. It contains 8 residential units and is currently reported as 100% occupied.

The site is described as being in the Chamblee submarket and is located near major transportation routes, including Interstate 285 and Interstate 85. The property address is 2400 Beverly Hill Dr in Chamblee, GA 30341.

The property is zoned RM-75. Based on the provided zoning and site configuration, the information states the site has potential to support development of up to 24 apartment units.

Key Highlights

7,109 SF apartment building at 2400 Beverly Hill Dr with 8 fully occupied residential units
Built in 1963 and renovated in 2017
100% occupancy producing consistent income

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$185.1k	$26.04
− Vacancy	−$11.5k	−$1.61
EGI	$173.6k	$24.43
− OpEx	−$78.1k	−$10.99
NOI	$95.5k	$13.43

7,109 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,503 @ 7.0% cap · market cap 5.62%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,107 @ 7.0% cap · market cap 8.18%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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What type of property is this?

Apartment building - 7,109-square-foot apartment building with 8 occupied units, built in 1963 and renovated in 2017.

Where is this apartment building located?

The property is located at Chamblee, GA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: 7,109 SF apartment building at 2400 Beverly Hill Dr with 8 fully occupied residential units; Built in 1963 and renovated in 2017; 100% occupancy producing consistent income