1136 Cres NE Ave Atlanta, GA 30309-3632

Property Details for 1136 Cres NE Ave

Year built

1963

Lot size

0.16 lot acres

Property size

14,280 SF

Zone code

C4

Property type

Garden apartment buildings

APN

17 010600010634

APU

17010600010634

Description

This exceptional mixed-use investment property, located at 1136 Crescent Ave NE in Atlanta, GA, presents a rare opportunity. The 16,918 square foot building boasts 14 recently renovated (2019-2020) multifamily units – eight one-bedroom/one-bath and six studios – all fully furnished and highly desirable in this sought-after Midtown location. The property also includes two ground-floor retail spaces occupied by established tenants: Fin & Feathers Restaurant and Embr Lounge, both with NNN leases extending to 2030 and 2031, respectively, and renewal options. A street-level ATM provides additional passive income. The building sits on a 0.16-acre corner lot, offering excellent visibility and potential for future redevelopment, especially considering its proximity to the proposed Midtown Exchange development. The asking price is $12,000,000 ($709.30/sq ft), and an assumable loan is available. The property's strong location, within walking distance of shops, restaurants, museums, parks, nightlife, and major employers like Google and King & Spalding, ensures high occupancy and rental demand. Its convenient access to major thoroughfares (I-75, I-85, GA State Route 400) and proximity to Piedmont Park further enhance its appeal. The property's strong financial performance is reflected in a pro forma NOI of $812,761. This is a truly unique opportunity to acquire a high-performing, mixed-use asset in one of Atlanta's most vibrant neighborhoods.

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Longitude

-84.3845

Latitude

33.7857

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments