Property profile

600 Pkwy NE Dr Atlanta, GA 30308

OFF-MARKET
Garden apartment buildings
Property ID
US22-4017843
16,636 SF 0.34 ac lot Built 1930
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 12-unit multifamily property located in an in-town area between Ponce City Market and The Fox Theater, providing access to MARTA, restaurants, shopping, and Fourth Ward Park. The building contains unit configurations ranging from 1 to 3 bedrooms and 1 to 2 bathrooms across the 12 units. Renovations were completed for eleven of the units within the past several years, including updated bathrooms, kitchens with granite countertops and stainless steel appliances, in-unit washer/dryers, updated lighting, and LVP flooring. The property has a roof estimated to be about 10 years old and features multiple new or newer HVAC systems. The lot size is 0.3444 acres, and the site zoning allows for residential use and presents potential for future assemblage and higher-density development.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1930
Construction WOOD
Total area 16,636 SF
Lot 0.34 ac (14,985 SF)
Zoning code RG4
APN 14 004700020095
UPID US22-4017843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 Pkwy NE Dr Atlanta, GA 30308-2697
Atlanta metro Census 1801 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.83M
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$2.36M

Owner & transaction history

since 2022
Last sale
$2.5M
7 recorded transactions
2022
$3.9M
2019
Price N/A
2015
Price N/A
2015
$970,000
2011
Price N/A
2004
$825,000
1969
Price N/A

Zoning & alternative use

RG4 · Atlanta, GA
Top alternative use upside
Office building $3.9M +9.3%
Retail stores $3.7M +4.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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