ADDRESS
2475 NORTHWINDS PKWY, STE 300
ALPHARETTA, GA 30009
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$1,395,000
23 Days On Site
208 Doane ST 10Atlanta, GA 30315
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
—
SqFt
—
/SqFt
1955
Built
Subdivision:
NONE
County:
Fulton
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Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
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Listing Snapshot
Price
$1,395,000
Days On Site
23 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.219 Acres
Year Built
1955
MLS® Number
10482025
Status
Active
Property Tax
$13,839
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a week ago | Status changed to Active | |
| a week ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Listing first seen on site |
General Features
Acres
0.219
Attached Garage
Yes
Foundation
Slab
Green Energy Efficient
Water Heater
Number Of Stories
1
Parking
Attached
Property Sub Type
Multi Family
Sewer
Public Sewer
Stories
One
Utilities
Other
Water Source
Public
Interior Features
Basement
Crawl Space
Cooling
Central Air
Heating
Central
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Exterior Features
Construction Details
Brick
Waterfront Features
OTHER
Community Features
Community Features
None
Schools
School District
Unknown
Elementary School
Out of Area
Middle School
Sylvan Hills
High School
MH Jackson Jr
Listing courtesy of Atlanta Leasing & Investment
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Last checked: 2025-04-12 06:29 AM UTC
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Last checked: 2025-04-12 06:29 AM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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