985 Greenwood NE Ave Atlanta, GA 30306-3832

This 8-unit apartment building, located at 985 Greenwood Ave NE in Atlanta, GA 30306, presents a compelling investment opportunity. Built in 1963, the property boasts approximately 4,800 square feet on a sizable 0.23-acre lot, offering a density of 35. Each of the eight one-bedroom, one-bathroom units features approximately 600 square feet, with hardwood floors, large walk-in closets, and a linen closet. While some units have stainless steel appliances, most feature white or black appliances. The units are equipped with window unit air conditioning and wall-unit heating. Each unit offers two entry doors for added convenience. Residents enjoy 8 off-street parking spaces accessible via a back alley on Fredrica Street. The building features a crawl space, and the roof is approximately 15 years old. Note that there are no washer/dryer hookups. The property's electrical system utilizes copper wiring, and plumbing is primarily PVC, with some galvanized sections. Current average rent is $1,100 per unit, while market average rents are conservatively estimated at $1,650, suggesting significant upside potential. The asking price is $1,411,000.