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1164 Alta Ave NE

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Address: 1164 Alta Ave NE, Atlanta, GA 30307, USA

Atlanta & Southeast + Apartment Buildings

Created date: July 16, 2024

Date last updated: November 12, 2024

6.5% cap rate, 100% occupancy
16 units in highly sought after Inman Park neighborhood of Atlanta
Consists of fourteen spacious 2 bed/1 bath units and two 1 bed/1 bath units
Recently renovated, turn-key ownership
On-site laundry with off-street parking
Great location-walkable to both Inman Park and Little 5 Points restaurants, bars and shops

Property Description

Bull Realty presents this stabilized 16-unit in-town investment opportunity at an attractive 6.5% cap rate. This property features fourteen spacious 2 bedroom/1 bathroom units and two 1 bedroom/1 bathroom units, all recently renovated and 100% occupied resulting in turn-key ownership. Amenities include on-site laundry facilities and off-street parking. Located in the highly sought-after Inman Park neighborhood, the property enjoys proximity to both Inman Park and Little Five Points. This prime location allows residents to easily walk to a diverse array of restaurants, bars and shops enhancing the appeal for tenants and ensuring a vibrant community atmosphere.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,600,000
No. of Units:	16
Year Built:	1964
Lot Size:	0.52 Sq ft
Opportunity Zone:	No
Price per unit:	$225,000
Property Website	Click Here