50 Mt Zion SW Rd Atlanta, GA 30354-2359
Property profile & analytics
50 Mt Zion SW Rd Atlanta, GA 30354-2359
- Garden apartment buildings
- 62,055 SF
- 8.13 lot acres
Property ID
US22-4693819
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Terraces at Highbury Court / Apartment Complex / Apartment Building
- Travelers Aid Society / Social Service Agency / Charitable Organization
- Nirvana At Glenrose Apartments / Apartment Complex / Apartment Building
- MinePlus5 Productions, LLC / Film Production
Property Details for 50 Mt Zion SW Rd
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 8.13 lot acres
- Property size
- 62,055 SF
- Zone code
- RG2
- Property type
- Garden apartment buildings
- APN
- 14 006700050881
- APU
- 14006700050881
Description
This exceptional 172-unit apartment building in Atlanta, Georgia, presents a compelling value-add investment opportunity. Located at 50 Mount Zion Rd, in Fulton County, zip code 30354, this Class C multifamily property, built in 1971 and renovated in 2005, offers significant potential for investor returns. Currently operating under the Low-Income Housing Tax Credit (LIHTC) program, the property boasts an attractive assumable loan with a high loan-to-value ratio and a 5.77% interest rate, with only two years remaining of interest-only payments. The asking price is $17,200,000, translating to approximately $100,000 per unit. LIHTC rents were increased by 3% in 2024, offering immediate rental upside on new leases and renewals. The property is strategically located near major Atlanta employers, providing strong occupancy potential. Furthermore, a new owner has the option to pursue a Qualified Contract (QC) process to transition the property to market-rate rents, eliminating LIHTC restrictions. Comprehensive due diligence materials, including insurance loss runs showing no recent claims, and documents for the QC process are readily available. This property represents a rare chance to acquire a well-positioned asset with substantial upside potential in a thriving Atlanta market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $15,460,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,410,000
- 6.5%
- $10,530,000
- 7%
- $9,780,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $15,677,000
Market price range: $3.20M - $38.3M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3898
- Latitude
- 33.67
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$68,014
$720,000
$922,840
$1,642,840
-
$1,800,000
$2,307,100
$4,107,100
