529 Atwood SW St Atlanta, GA 30310-1605
This 5-unit multifamily condo in Atlanta's West End offers exceptional investment potential. Located just steps from the Beltline, the property boasts four one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one efficiency unit. Generating a substantial $75,000 in annual gross rent, this property presents a strong cash flow opportunity. All utilities—water, electric, and gas—are covered by the landlord. The property sits on a 0.17-acre lot, with the rear portion offering significant development potential. An additional building or accessory dwelling unit could be constructed, further enhancing the property's value and rental income. Comparable properties in the area have recently sold for $200,000 per unit, indicating significant upside potential in this rapidly appreciating neighborhood. This 4,602 square foot condo presents a rare opportunity to acquire a high-yield investment property in a prime Atlanta location with substantial future growth prospects. The property's location near the Beltline ensures strong tenant demand and continued appreciation. This is an ideal investment for those seeking a stable income stream with significant long-term growth potential.
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
R5 · 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.