Original hardwood floorsHistoric characterAmple neighborhood street parkingCorner lotTree-lined streetsSpacious unitsConvenient alleyway access
UNBEATABLE INTOWN ATLANTA MULTIFAMILY INVESTMENT IN VIRGINIA-HIGHLAND! Rare opportunity to acquire an income-producing 5-plex with exceptional structural bones in one of Atlanta's most coveted historic neighborhoods. Situated on a beautiful corner lot featuring tree-lined streets, sidewalks, and streetlights, this property offers the ultimate Intown location. Residents are just around the corner from the iconic Ponce City Market and the vibrant Atlanta BeltLine Eastside Trail, putting world-class dining, shopping, and recreation right at their doorstep. EXCELLENT STRUCTURAL BONES & LOW-MAINTENANCE EXTERIOR Investors will appreciate the low-maintenance, high-durability exterior features designed to protect your bottom line. The building boasts -significantly reducing ongoing maintenance costs and capital expenditure worries. VERSATILE UNIT LAYOUTS WITH HISTORIC CHARM & VALUE-ADD POTENTIAL The interior presents 5 units with varying sizes and degrees of TLC needed per unit, This allows a new owner to renovate each unit one at time while rapidly capture market-rate rents as they go along with the renovations. Approximately 4,000+ total sqft according to Cuba Casa floor plans. Unit 1 & Unit 4: These spacious units are packed with historic character, featuring original hardwood floors, classic original bathroom tile, and charming fireplaces. Unit 1 retains timeless original plaster details in the living room. Units 2 & 3: Conveniently located in the basement level, offering a cozy footprint. Unit 5 (The Loft): Positioned above Unit 4, this unique space features a smart 1-bedroom open-concept living and kitchen combo layout. Flexible Rental Strategy: For maximum rental yield flexibility, Unit 4 and Unit 5 can be easily leased together as a single expansive residence or kept completely separate to maximize independent income streams. PROPERTY AMENITIES, PARKING, & TOP-TIER SCHOOLS A dedicated shared laundry room is located in the basement, providing a highly desired amenity for all residents and an opportunity for additional coin or digital laundry revenue. The property features convenient alleyway access leading to four dedicated parking slots in the rear, plus ample neighborhood street parking. Adding to the exceptional long-term equity and resale value, this property is situated in the highly desirable Atlanta Public Schools Midtown Cluster, zoned for Virginia-Highland Elementary, David T. Howard Middle School, and the award-winning Midtown High School. Whether you are executing a classic value-add renovation, looking for a premium 1031 exchange asset, or building a long-term buy-and-hold real estate portfolio, this 5-unit multifamily property delivers unmatched location-driven value. Capitalize on strong, steady rental demand driven by immediate proximity to Midtown Atlanta, Piedmont Park, the Old Fourth Ward, and major employment hubs. Properties of this scale and caliber in this exact pocket of Virginia-Highland rarely hit the market. Schedule a property tour today to explore the footprint, layout, and incredible income potential of this premier Intown real estate asset. Sold as-is.
33 days
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1,690
|
111
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Zillow last checked:
Listing updated:
Listed by:
Tonya Byrd770-823-5786,
Keller Williams Realty Atl. Partners,
Tom Byrd404-803-8661,
Keller Williams Realty Atl. Partners
Source: GAMLS,MLS#: 10791463
Facts & features
Interior
Heating
Central, Natural Gas
Cooling
Ceiling Fan(s), Electric
Features
Has basement: Yes
Number of fireplaces: 2
Property
Parking
Total spaces: 4
Parking features: Off Street
Features
Levels: Three Or More
Stories: 3
Body of water: None
Lot
Size: 7,492 Square Feet
Details
Parcel number: 14 001700090342
Special conditions: Estate Owned
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick, Concrete
Foundation: Slab
Condition
Resale
New construction: No
Year built: 1920
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Connected
Community & HOA
Community
Features: Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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