Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate

314 5th St NE, Atlanta, GA 30308

Accepting Offers

Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate

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Asking Price

$1,685,000

Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate

314 5th St NE, Atlanta, GA 30308

Details

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1920

Land Area: 0.13 Acres

Number of Units: 8

Property Type: Multifamily

Occupancy %: 100

Year Renovated: 2021

Number of Floors: 2

Property Size: 7,155 SF

Investment Highlights

Prime Midtown location - walkable to nearby Piedmont Park, Eastside Beltline and more.
Long term tenants: 1 tenant for ~5 years. 3 tenants for almost 3 years. 2 tenants for almost 2 years.
Recently renovated in 2021
Updated interiors featuring new kitchens, baths, flooring, lighting, and more
100% occupied with stable long-term tenants
Strong leasing demand / low vacancy submarket
Easy low maintenance management
All units have in-unit laundry

Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate

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.

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