REO Sale: Bolden Courts | Value-Add Reposition
- Only 25% physical occupancy leaves significant room to lease up and stabilize operations.
- Forty-eight units provide efficient scale for a hands-on, value-add operating strategy.
- 100% two-bedroom/one-bath units support strong renter demand and longer average tenant tenure.
- Prior ownership completed exterior upgrades, reducing near-term capital expenditure needs.
- Convenient access to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport.
- Professional management, targeted leasing, and incremental unit upgrades can drive NOI growth.
Property Description
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 3164 Cushman Circle is a 48-unit multifamily value-add opportunity in Southwest Atlanta, GA built entirely of two-bedroom/one-bathroom units. The property is currently just 25% occupied, giving a new owner a clean runway to reposition and stabilize the asset through focused leasing and professional management. Prior ownership already completed exterior capital improvements, reducing near-term capex needs and preserving curb appeal. With substantial vacancy in place, investors can drive meaningful NOI growth through improved occupancy, incremental unit upgrades, and tighter operations. The asset sits within an established Southwest Atlanta residential corridor with convenient access to Downtown Atlanta, Midtown, and Hartsfield-Jackson International Airport, in a submarket benefiting from steady population growth and expanding employment centers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| Property Types: | Affordable Housing |
| Price: | $450,000 |
| No. of Units: | 48 |
| Average Occupancy: | 25 |
| Year Built: | 1973 |
| Building Size: | 43,176 Sq ft |
| No. of Stories: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $9,375 |
| Property Website | Click Here |
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