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OFF-MARKET
Mixed-use properties

2129 Martin Luther King Jr Dr Atlanta, GA 30310

29,296 SF 1.27 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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
Verified
Property type Mixed-use properties
Year built 1960
Total area 29,296 SF
Lot 1.27 ac (55,321 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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