877 Virginia Ave

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Address: 877 Virginia Ave, Atlanta, GA 30354, USA

Atlanta & Southeast + Apartment Buildings

Created date: November 12, 2024

Date last updated: November 25, 2024

100% occupied, 14-unit multifamily opportunity in highly sought-after Hapeville area
All units are spacious 1 bed/1 bath flats in average condition, allowing for a cosmetic value-add opportunity as leases turnover
Large open courtyard amenity space at the front of the building
Off-street parking in the rear and side of the building
Most units have been upgraded to central HVAC, and all units have new windows
Roof replaced in 2019 with a 12 year warranty
New gutters installed
One main water heater for entire building, replaced in 2023
Onsite laundry room
Unique features: one unit with a private deck and another with a private enclosed sunroom and fenced patio
Additional storage room on the second floor that could be converted to a bedroom, creating a 2 bed/1 bath unit
All units feature eat-in kitchens and ample closet and storage space
Highly visible corner parcel with two points of ingress/egress
Excellent walkability to nearby restaurants and retail
MARTA bus stop located in front of the property
Close proximity to Delta Headquarters, Wells Fargo Headquarters, Porsche Headquarters, downtown Hapeville, and the Atlanta Airport
Convenient access to I-85, I-75, and I-285, all just minutes away

Property Description

Rare opportunity to acquire a 14-unit value-add multifamily property in a prime, irreplaceable location. Situated on Virginia Avenue, this property is highly walkable to surrounding retail and restaurants, as well as key landmarks like the Delta Air Lines Headquarters, Delta Flight Museum, and downtown Hapeville. Additionally, a public bus stop is conveniently located right in front of the property. Just steps from Hartsfield-Jackson Atlanta International Airport, the property is ideally positioned to attract airport employees, Delta staff, and could even serve as a short-term rental for flight crews, pilots, or other travelers seeking close proximity to the airport. This highly visible corner parcel also presents an excellent future commercial redevelopment opportunity as the area continues to grow.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,850,000
No. of Units:	14
Year Built:	1960
Lot Size:	0.49 Sq ft
Opportunity Zone:	No
Price per unit:	$132,143
Property Website	Click Here