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MLS#7819403
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMidtown
SCHOOLVirginia-Highland - Midtown
Property Description
Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta HousingAuthority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate. Long term tenants with some in place for up to 3-5 years. Property was recently renovated in 2021 to include all new kitchens, baths, in-unit laundry, flooring, lighting and more. Great location within walking distance to downtown Midtown, Piedmont Park and the Eastside Beltline Trail.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Taxes: $23,249
Year Built: 1920
Feature Descriptions
Days on Site: 22
Exterior: Brick
Lot: Level
Lot Dimensions: x
Parking Notes: Driveway
Parking Total: 3
Sewer: Public Sewer
Special View Info: City
Units: 8
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: Midtown
Middle School: David T Howard
Elementary School: Virginia-Highland
School District: Virginia-Highland - Midtown
Listed By / Shown By
Listed By
Agency Name: Bull Realty, Inc.
Agency Phone: 404-876-1640
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone:
Source: FMLS
Estimate Your Payment
Estimated Payment
$ 6,178.95 per month $3,750.08 Principal & Interest $1,937.42 Property Tax $491.46 Homeowner's Insurance
314 5th Street Ne | MLS# 7819403
This multi-family property located at 314 5th Street Ne, Atlanta, GA 30308 is currently listed for sale with an asking price of $1,685,000. 5th Street Ne is located within the Virginia-Highland - Midtown school district. Search Atlanta real estate on www.clcommercialrealestate.com today.