UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 7834914
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $6,186
Tax Year 2024
Lot Size 8,903 Sqft
Acres 0.2044
Property Sub-Type Business
Source First Multiple Listing Service
Property Description
College Park Flats is a 5-unit multifamily asset offered at $130,000 per unit, providing an opportunity to acquire an apartment property in an established Atlanta-area submarket. The current rent roll consists of four 1-bedroom units renting at $1,020, $995, $995, and $995 per month, plus one 2-bedroom unit renting at $1,150 per month, generating $5,155 in current monthly rental income, or $61,860 annually. The property features separately metered electric, public water/sewer, six parking spaces, and a two-story building originally constructed in 1940 and renovated in 2025. Investors can add rental-rate growth, exterior improvements, on-site laundry, and parking-area enhancements. Conveniently located near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, Gateway Center Arena, and major transportation corridors. An opportunity to acquire, improve, and operate a 5-unit multifamily asset with multiple avenues for potential income growth.
Contact the listing broker for financials, due diligence materials, and showing instructions.
Location
State GA
County Fulton
Zoning R3
Lake Name None
Rooms
Other Rooms None
Basement Finished, Full, Walk-Out Access
Interior
Interior Features Living Space Available, Restrooms
Heating Ductless
Cooling Ceiling Fan(s), Ductless, Multi Units, Window Unit(s)
Flooring Luxury Vinyl
Equipment None
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Other
Street Surface None
Accessibility Accessible Bedroom, Accessible Closets, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances
Handicap Access Accessible Bedroom, Accessible Closets, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances
Total Parking Spaces 6
Private Pool false
Building
Lot Description Free Standing
Story Two
Foundation Combination
Water Public
Level or Stories Two
Structure Type Other
Construction Status Resale
Others
Senior Community no
Tax ID 14 016100030169
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://my.matterport.com/show/?m=9BHYwKZK2jb
