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3781 Martin Luther King Jr. Dr
Atlanta, GA 30331 Bankhead-Bolton

$3,150,000 USD

Apartments For Sale  •  28,452 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,452 SF
  • Lot Size 1.65 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 6.52 %
  • Zoning RG3
40 Transit Score
40 Walk Score

Highlights

Significant Capital Investment: Ownership invested $1.3M on a full gut renovation with everything new on the building other than the exterior shell
Assumable Freddie Mac Financing: Current in place assumable agency financing with a 4.24% interest rate and over 6 years of remaining term
Attractive Floorplans: All of the units are spacious two or three bedroom townhome style floorplans
Washer/dryer connections: Every unit includes laundry hookup
Gated Community With Security Features: Gated with control access and new video surveillance system
Convenient Access to I-285 and I-20: Provides easy connectivity to Downtown, Hartsfield Jackson Airport
Cap Rate: 6.52 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 27 min - 18.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Austin Graham 407-463-9752 Matthews Real Estate Investment Services
Austin Graham 407-463-9752 Matthews Real Estate Investment Services