20 Griffin St Atlanta, GA 30314
- Garden apartment buildings
- 7,263 SF
- 0.47 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 20 Griffin St
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Property size
- 7,263 SF
- Zone code
- R5
- Property type
- Garden apartment buildings
- APN
- 14 011000091486
- APU
- 14011000091486
Description
This exceptional investment opportunity presents a 13-unit apartment building located at 20 Griffin St NW, Atlanta, GA 30314. The property, built in 1961 and renovated in 2022, sits on a 0.47-acre lot and comprises two, two-story buildings totaling 10,113 square feet of net rentable space. Currently boasting 61.5% occupancy, the property generates a Net Operating Income (NOI) of $100,265, with a pro-forma NOI projected at $192,000. The asking price is $2,500,000. This value-add investment is zoned SPI-19-SA1 and offers significant upside potential due to its prime location near Mercedes-Benz Stadium and the Georgia World Congress Center, as well as proximity to the Atlanta University Center Consortium and Centennial Olympic Park. The property benefits from strong rental demand in the 30314 zip code, fueled by its convenient location and access to major employment centers and amenities. Future developments, including Westside Park and the Centennial Yards project, are expected to further enhance the property's value and desirability. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Atlanta market. The property features 13 units and one pad.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $730,000
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Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.4121
- Latitude
- 33.7553
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
