• Subdivision/er Elliott Prop
  • Atlanta, GA 30314
550 Joseph E Lowery Boulevard Nw
$875,000

Property Description

THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts at $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property overall market appeal. Property being Sold "AS/IS". THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!

Property Features

  •  0.396
  •  None
  •  No
  •  11
  •  None
  •  6
  •  5971.00
  •  Electricity Individual Meters
  •  Public Sewer
  •  Public
  • Exterior Features

    • Off Street
    • Side/Rear Entrance
    • Block
    • Slab
  •  Residential Income
  • Interior Features

    • Central Air
    • Electric
    • Electric
    • Forced Air
  • School Information

    • Other
    • Washington
    Courtesy of Homesmart Realty Partners

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    Alex Norkus

    (904) 280-3000
    Keller Williams Jacksonville Realty