1164 Alta NE Ave Atlanta, GA 30307-2556
- Garden apartment buildings
- 13,680 SF
- 0.52 lot acres
Jan 14, 2025
Current Use by Public Records
- Garden apartment buildings
Property Details for 1164 Alta NE Ave
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 13,680 SF
- Zone code
- RG3
- Property type
- Garden apartment buildings
- APN
- 14 001400030432
- APU
- 14001400030432
Description
This exceptional investment opportunity presents a 16-unit apartment building ideally situated in Atlanta's desirable Inman Park neighborhood. The property, boasting a substantial 13,680 square feet, sits on a 0.52-acre lot and features a mix of fourteen spacious two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Recently renovated, this turnkey asset offers immediate cash flow with 100% occupancy and a compelling 6.5% cap rate. Built in 1964, the two-story building is zoned RG-3 and includes convenient on-site laundry facilities and off-street parking. The property's prime location provides residents with easy walkability to the vibrant restaurants, bars, and shops of both Inman Park and Little Five Points, ensuring high tenant demand and a strong rental income stream. The asking price for this meticulously maintained multifamily property is $3,600,000. The property's Parcel Number (APN) is 14 001400030432. This is a rare chance to acquire a stable, high-performing investment in a highly sought-after Atlanta location. The building consists of one structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3498
- Latitude
- 33.7611
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
