1164 Alta NE Ave Atlanta, GA 30307-2556
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RG3 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.