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Price Upon Req.180,080 SF
Auction.com and Just Multifamily LLC present the opportunity to acquire Sierra Ridge Apartments located at 3006, 3020, 3040, and 3060 Delmar Lane in Atlanta, Georgia. Sierra Ridge is a 238-unit apartment complex offering 1, 2, and 3 bedroom floor plans with central heat and air, new windows, and updated kitchens. The buildings are wood frame with brick veneer and pitched shingled roofs. There are 26 buildings constructed in 1965 and renovated in 2013. The units have individual water heaters as well as sub-meters which are currently not being utilized for water bill back. The property features attractive, durable brick veneer construction with recent paint, recent roofs, and new parking lot.Sierra Ridge offers new ownership a tremendous value-add opportunity at an attractive price per unit. The current occupancy rate is 40% compared to the South Fulton submarket which averages in the low to mid 90%. The current market is ripe for renovated units and Sierra Ridge boasts an 87% occupancy rate for refurbished apartments. Once stabilized, the cash on cash return for this asset will be substantial. Additional value-add though increasing current rent to market rates.
Take advantage of this great opportunity right in the heart of Midtown Atlanta. A 12, 1-bedroom unit property located 2 blocks from Piedmont Park and the new Atlanta Beltline!! Majority of the units have been recently renovated boasting beautiful hardwood floors, granite kitchen countertops and stainless steel appliances. Each unit has space for a stackable washer and dryer and off street parking - a must for living in town! Other amenties include central HVAC, individually metered for water and onsite dumpster (no trash fee). Dont miss this owner operator opportunity in one of the hottest rental markets in Atlanta.
Fully renovated & well-maintained duplex with extremely low vacancy rate and approximately 10% CAP rate. Private interior entrance to each unit. Private rear decks, separately metered(water, gas, electric), ample parking. The nicest rental unit on the street which translates into higher rents and more long term tenants. Brings over $13k annually. Receipt appraisals support value. Rent amount and history and vacancy rates speak for themselves. Solid investment for first-timer or seasoned investor.
Leased, well-maintained duplex in the heart of Hapeville. Walk to down town Hapeville for dinner and shopping. This duplex enjoys consistent rental inquiries & draws from a large pool of potential tenants. Gas and electric are separately metered. Well over 10% cap rate on this nicely-performing duplex. Call today for an easy appointment. Do not disturb tenants.
Great value and location for this 9 unit multi family opportunity. The property consists of 6 studio units and 3 one bedroom units on a .08 acre site. Built in the 1920' s (and substantially updated/renovated), This is a turn key property ideal for first time investor or one that is adding to their portfolio in the area. The property has an onsite laundry room and is individually metered for gas and electricity (landlord pays for water but tenants reimburse).
-Minimal deferred maintenance with recent interior and exterior renovations -Strong in-place cash flow with current occupancy greater than 96% -Located less than two miles from Jacoby's Aerotroplis Redevelopment Walmart Supercenter -Built in 1969
OwnAmerica is pleased to present this portfolio comprised of all Single Family Rental Properties in the greater Atlanta, GA market. Based on property locations and rent levels, this is a B quality portfolio, comprised of older vintage homes, in predominantly owner occupied neighborhoods. The package is priced to offer attractive yields and cash flow.
Charming Midtown Quadraplex (4-units), Fully Leased. Originally constructed in 1935, this 3,300 SF building contains 2 1-bedroom/1-bath units and 2 2-bedroom/1 bath units. All units have been updated but retain the original character and charm (hardwood floors, high ceilings, etc.). Features include Central Heat and Air, W/D Connections, Dishwashers, and a porch/deck. Utilities, except water, are separately metered. Ideal as an income investment with long term appreciation. Also suitable for conversion to less units for a possible owner/occupant. The building needs paint/siding work but the Sellers would rather credit a buyer for this at closing to their own specifications. The interiors look great.
Excellent location within walking distance to Emory University’s main campus with convenient access to Marta and nearby retail. Minutes from downtown Decatur and Virginia Highland neighborhoods. - Central Heat/Window AC - Roof - Pitched - .7 Acres - 100% occupancy - Huge lot with large private backyard For more information, please contact Andy Lundsberg.
Vacant Land, Mixed Use, Multi-Family
- Zoned C-1 - city of Atlanta - Located directly across from the Lakewood Fairgrounds and Amphitheater - Potential short term use as parking for concerts For more information, please contact John DeYonker.