550 Joseph E Lowery BLVD NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Subdivision/Er Elliott Prop
MLS Listing ID 10476685
Year Built 1960
Annual Tax Amount $5,971
Tax Year 2024
Lot Size 0.396 Acres
Property Sub-Type Multi Family
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!
Location
State GA
County Fulton
Interior
Heating Electric,Forced Air
Cooling Central Air,Electric
Exterior
Parking Features Off Street,Side/Rear Entrance
Garage Spaces 7.0
Community Features None
Utilities Available Electricity Individual Meters
View Y/N No
Building
Foundation Block,Slab
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools Jones
Middle Schools Other
High Schools Washington
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Resale