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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Garden apartment buildings
1787 Rugby Ave College Park, GA 30337-1932
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1037416
Property summary
AI-generated overview
This exceptional 6-unit apartment building in College Park, GA, presents a compelling investment opportunity. Located at 1787 Rugby Ave, in Fulton County, this well-maintained property boasts a 100% occupancy rate, generating consistent rental income. The asking price is $1,125,000. Five of the six units feature updated kitchen appliances, minimizing maintenance needs and maximizing tenant satisfaction. The property's strategic location within Metro Atlanta offers easy access to amenities, transportation networks, and employment hubs, ensuring high demand for rental units. The strong rental history and current full occupancy provide immediate cash flow, making this an ideal investment for those seeking a stable, income-producing asset. Further rental increases are possible through future improvements or lease turnover. This property is perfect for long-term income generation or as a valuable addition to a diversified investment portfolio. The property's zip code is 30337. This is a multifamily property, specifically an apartment building.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
5,022 SF
Lot
0.29 ac (12,720 SF)
Zoning code
R3
APN
14 015900050112
UPID
US22-1037416
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$525k
Owner & transaction history
Fort George Realty 1787 LLC · 7 yrs held
Fort George Realty 1787 LLC
since 2019
4 recorded transactions
Zoning & alternative use
R3 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.7M
+70.2%
Medical building
$1.6M
+60.9%
Auto repair, garage
$1.5M
+51.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$970,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$1,560,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,465,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,225,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$1,150,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,170
Tax year 2023
Assessed value
$218,600
Assessed 2023
Previous assessed
$218,600
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$55,200
Assessed improvement
$163,400
Land market value
$138,000
Improvement market value
$408,500
Total market value
$546,500
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
6
Bathrooms
1
Total area
5,022 SF
Lot
0.29 ac (12,720 SF)
Zoning code
R3
APN
14 015900050112
UPID
US22-1037416
Jurisdiction
FULTON
Zoning & alternative use
R3 · College Park, GAZoning R3 · permitted uses
R3 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Fort George Realty 1787 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1069 CLIFTON RD NE, ATLANTA, GA 30307-1227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2019
$608,300
Fort George Realty 1787 LLC
Cd Realty LLC
Grant Deed
—
Jan 30, 2017
—
Cd Realty LLC
Meyers,david P
Grant Deed
related
—
Mar 23, 2015
$435,000
David P Meyers
Lllm LLP
Grant Deed
—
Sep 14, 2000
$279,900
Mary A White
Bank Of America
Grant Deed
related
$195,930 · Bank Of Nat'l Tr & Svgs
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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