314 5th Ne Street, Atlanta, GA 30308

$1,685,000

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List Price
$1,685,000
MLS#
7819403
Status
ACTIVE
Type
Multifamily
Subtype
Other
Lot Size
0.133
Subdivision
Midtown

Property Description

Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta Housing Authority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate. Long term tenants with some in place for up to 3-5 years. Property was recently renovated in 2021 to include all new kitchens, baths, in-unit laundry, flooring, lighting and more. Great location within walking distance to downtown Midtown, Piedmont Park and the Eastside Beltline Trail.

Additional Information

Stories
Two
Construction
Brick
Year Built
1920
Neighborhood Amenities
None
Roof
Shingle
Lot Dimensions
x
Parking
Driveway
Lot Desc
Level
Water
Public
Sewer
Public Sewer
Elementary School
Virginia-Highland
Middle School
David T Howard
High School
Midtown
Acres
0.13
Dock
None
Levels
Two
Gross Income
179112
Taxes
$23,249

Listing courtesy of Bull Realty, Inc..

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