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Exceptional 16-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7-8% cap rate and immediate cash flow with over $261,000 in annual income. The community features 12 spacious 2-bed/1-bath units and 4 well-designed studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, fiber-optic wiring, and a crawl space foundation that reduces upkeep expenses. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/20/2025 |
|---|---|---|---|
| TRACT | College Park | YEAR BUILT | 1972 |
| GARAGE SPACES | 27.0 | COUNTY | Fulton |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Parklane |
|---|---|
| Jr. High School | Paul D West |
| High School | Tri Cities |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Other |
| GARAGE | Yes |
| HEAT | Central, Heat Pump |
| LOT | 0.872 acre(s) |
| PARKING | Assigned |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | College Park |
| TAXES | 13742 |
| UTILITIES | Other |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Hardeman Real Estate
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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.
