1164 Alta Avenue Northeast
- 6.9% cap rate with 100% occupancy providing immediate stable cash flow
- Highly sought-after intown location convenient to both Inman Park and Little 5 neighborhoods
- Recently updated offering true turnkey ownership with minimal capital needs
- On-site laundry facilities and off-street parking for tenant convenience
Property Description
Bull Realty is pleased to present The Flats, a stabilized 16-unit multifamily investment opportunity offered at an attractive 6.9% cap rate. This well-maintained asset features a highly desirable unit mix of fourteen spacious two-bedroom one-bathroom units and two one-bedroom/one-bathroom units, all of which have been recently updated. With 100% occupancy and strong in-place income, the property offers true turnkey ownership with minimal near-term capital requirements. Strategically located in the heart of Inman Park, one of Atlanta’s most sought after and walkable neighborhoods, the property offers convenient access to both Inman Park Village and Little Five Points. Tenants enjoy immediate proximity to an eclectic mix of award-winning restaurants, vibrant nightlife, boutique retail, and cultural attractions. The neighborhood’s tree-lined streets, historic charm, and connectivity to the Atlanta BeltLine further enhance its appeal, driving consistent rental demand and long-term value appreciation. The Flats represents a rare opportunity to acquire a stabilized, income-producing asset in a premier intown Atlanta location with strong fundamentals, limited supply, and continued growth potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,225,000 |
| No. of Units: | 16 |
| Year Built: | 1965 |
| Lot Size: | 0.52 Acres |
| Opportunity Zone: | No |
| Price per unit: | $201,563 |
| Property Website | Click Here |
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