2129 Martin Luther King Jr Dr Atlanta, GA 30310
- Mixed-use properties
- 29,296 SF
- 1.27 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 2129 Martin Luther King Jr Dr
- Year built
- 1960
- Lot size
- 1.27 lot acres
- Property size
- 29,296 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional mixed-use investment opportunity presents a 36-unit apartment complex situated on a 1.27-acre lot at 2129 Martin Luther King Jr Drive SW in Atlanta, Georgia, 30310. Built in 1960, the property boasts a substantial 29,296 square feet and offers a compelling 7.00% cap rate. The asking price is $3,800,000. The property features a mix of one- and two-bedroom units, all currently leased, providing immediate and consistent rental income. On-site amenities include resident parking and laundry facilities. Recently updated common areas and exterior enhance the property's appeal. Its prime location offers easy access to major highways (like I-20), public transportation, and is conveniently close to popular areas such as West End, Mercedes-Benz Stadium, and Morehouse College. The property benefits from its position within a rapidly revitalizing neighborhood, presenting significant potential for future rental income growth. This turnkey investment is ideal for those seeking a stable rental portfolio with substantial upside in a high-demand Atlanta location. The property is zoned for mixed-use development, offering further potential for value enhancement. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Atlanta neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton - GA
- State
- Georgia
- Longitude
- -84.4581
- Latitude
- 33.751
