550 Joseph E Lowery Boulevard NW
Atlanta, GA 30314
0.40 acres | #10476685
Description
THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts at $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property overall market appeal. Property being Sold "AS/IS". THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!
Property Details
- Utility FeaturesElectricity Individual Meters
- SubdivisionSubdivision/Er Elliott Prop
- Property SubtypeMulti Family (5+ Units)
- Structure TypeMulti Family (5+ Units)
- Short SaleAs Is, Investor Owned
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- FoundationBlock, Slab
- High SchoolWashington
- MLS #10476685
- MLS #10476685
- Utility SourcePublic
- CountyFulton
- Taxes Annual$5,971
- Cost935000
- Acres0.396
- Elementary SchoolJones
- Middle SchoolOther
- Year Built1960
- Parking Spaces7
Location
Legal
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Last Updated: . Source: GAMLS
Listing Courtesy
Listing Agent: Lonnie Leslie (#LESLIELONNIE)
Listing Office: Homesmart Realty Partners (#BHHR01)
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