Old Fourth Ward
Property Description
Rare opportunity to acquire a large value-add multifamily portfolio in one of Atlanta’s hottest intown locations. The portfolio consists of 133 units spread amongst 11 properties, all within walking distance of each other in the popular Old Fourth Ward neighborhood. Each of the buildings can be sold separately or together as one portfolio, offering an investor a true value-add opportunity with economies of scale. This vintage portfolio offers a diverse unit mix consisting of spacious studios, one, two and three bed floorplans, with most units having 9-10 ft ceiling heights. All 11 properties are in need of renovation and will be sold vacant, allowing a new owner to begin remodeling and repositioning immediately. Old Fourth Ward is one of the most desirable neighborhoods within Atlanta for young professionals and students. The portfolio’s location provides excellent walkability and connectivity, with easy access to the Eastside Beltline Trail and Ponce City Market, while positioned centrally between Midtown and Downtown Atlanta. Convenient access to I-85/I-75 and I-20 further enhances its appeal to residents. With all of the new development in the immediate area, vacant delivery, and opportunity to modernize the existing units, the property presents an attractive opportunity to unlock significant value in one of Atlanta’s most classic and desirable neighborhoods.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $14,260,000 |
| No. of Units: | 133 |
| Opportunity Zone: | No |
| Price per unit: | $107,218 |
| Property Website | Click Here |
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