Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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