3632 East Main Street
- Value-Add Rental Upside
- Minutes from Hartsfield Jackson Airport
- Low Operating Expenses
- Separately Metered Electric
- Minutes to Downtown Atlanta
- Appealing long-term hold asset
- Potential for income growth
- Minutes from Gateway Center Arena
Property Description
100Units.com presents College Park Flats located in Atlanta's historic College Park district. College Park Flats consist of 4 one-bedroom apartments and 1 two bedroom apartment in a 2-story building, with a pitch shingle roof and 6 parking spaces. The utilities are as follows: water/sewer is public, electric is separately metered to each unit and no cable contract. College Park Flats presents an opportunity to provide a significant value add through rental upside. The value-add business plan for College Flats includes painting the exterior of the building, installing washer and dryers and paving the parking lot area. This property offers investors the chance to acquire a multifamily asset with strong long-term hold potential and flexible operational appeal. Unit 5 (2 Bed/ 1 Bath) Interior Tour: https://my.matterport.com/show/?m=9BHYwKZK2jb Unit 2 (1 Bed/ 1 Bath) Interior Tour: https://my.matterport.com/show/?m=yHpHt5ss8i2
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $599,000 |
| No. of Units: | 5 |
| Year Built: | 1940 |
| Lot Size: | 0.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $119,800 |
| Property Website | Click Here |
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