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Property profile & analytics
FOR SALE
Garden apartment buildings

1136 Crescent Ave NE Atlanta, GA 30309

14,280 SF 0.16 ac lot Built 1963
Entity Owned 7-yr Hold
Property ID
US22-3710020
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1963
Total area 14,280 SF
Lot 0.16 ac (6,970 SF)
Zoning code C4
APN 17 010600010634
UPID US22-3710020
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
Current use
Occupant on record · Public records
  • Sutra Lounge Bar & Pub
  • LibertyX Bitcoin ATM Currency Exchange Service Kiosk
  • Embr Lounge Bar & Pub Nightclub
  • Fin & Feathers Restaurants Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.47M
CAP Approach CAP
$2.43M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.82M
Owner & transaction history
Tsv Crescent LLC · 7 yrs held
Tsv Crescent LLC
since 2019
7 recorded transactions
2022
Price N/A
2019
$6.7M
2019
Price N/A
2017
Price N/A
2007
Price N/A
2006
$3.8M
1969
Price N/A
Zoning & alternative use
C4 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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