345 Lanier St NW
- Large front courtyard
- All units have front balcony areas or patios
- 17 off street parking spaces
- In-unit laundry (combo washer/dryer units)
- Fenced
- Permanent storage shed attached to the building
Property Description
Rare opportunity to buy a 16-unit apartment building at well below replacement cost in Atlanta's booming Westside. The property consists of 16 spacious two bedroom/ one bath units. The property was recently renovated throughout and has since become vandalized and distressed due to absentee ownership. Most units are close to rent ready with minor cosmetics and some new HVAC and appliances. 3 units are gutted and need full rehab. Sold "as is". No past financials or rent rolls available. Rents in the area range from $1,300-$1,400 for market rate tenants and upwards of $1,650 for subsidized programs.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $960,000 |
| No. of Units: | 16 |
| Year Built: | 1963 |
| Lot Size: | 0.77 Acres |
| Opportunity Zone: | No |
| Price per unit: | $60,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
8614/8616 Valley Falls Road
Boiling Springs, South Carolina
8612/8610 Valley Falls Road
Boiling Springs, South CarolinaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout