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Well maintained investment property in Virginia Highland! Prime location near Beltline and Ponce City Market. 1 story, 4-sided brick building with six, 1 BR/1BA, 440 SF units. 4 units are currently rented and 2 units have new tenants moving in at higher rent prices. Updated gross monthly income starting 8/1 is $7140/month ($85,680/yr). Projected gross monthly income when 3 current lease terms have been renewed at current market rate is $7465 ($89,580/yr) Reliable tenants, no late payers. Every unit has its own washer/dryer and is heated and cooled by an electric, hotel style wall unit. Each apartment is metered separately for gas and power and accounts are in tenants' names and paid by tenants. One water meter for the building and tenants pay a flat monthly water fee on top of rent (included in gross income calculation and future projections). Seller recently replaced water line and sewer main and repaired concrete walkways. Showings of occupied units will only be scheduled during due diligence after an offer is accepted. There is one vacant unit that can be shown by appointment before 7/25 and another unit that can be shown before 8/1. Please do not disturb tenants.
| DAYS ON MARKET | 42 | LAST UPDATED | 6/12/2025 |
|---|---|---|---|
| TRACT | Virginia Highland | YEAR BUILT | 1953 |
| COUNTY | Fulton | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Springdale Park |
|---|---|
| Jr. High School | David T Howard |
| High School | Midtown |
| ADDITIONAL DETAILS | |
| AIR | Electric, Other |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 9496 sq ft |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Virginia Highland |
| TAXES | 9215 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| WATER ACCESS | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Realty Associates of Atlanta
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
