314 5th Ne Street, Atlanta, GA 30308

$1,685,000

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List Price
$1,685,000
Status
ACTIVE
Days on Market
32
MLS#
7819403
Subtype
Residential Income
Year Built
1920
Lot Size
5,793
Acres
0.13
Subdivision
Midtown
Neighborhood
Midtown

Property Description

Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta Housing Authority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate. Long term tenants with some in place for up to 3-5 years. Property was recently renovated in 2021 to include all new kitchens, baths, in-unit laundry, flooring, lighting and more. Great location within walking distance to downtown Midtown, Piedmont Park and the Eastside Beltline Trail.

Additional Information

Taxes
$23,249
Flooring
Luxury Vinyl, Tile, Wood
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Brick
Stories
Two
Levels
Two
Roof
Shingle
Parking
Driveway
Elementary School
Virginia-Highland
Middle School
David T Howard
High School
Midtown
View
City

Courtesy of Bull Realty, Inc.

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