10,113 SqFt
10,113 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,113 sqft
Price per Sqft $247
MLS Listing ID 7541372
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1961
Annual Tax Amount $14,927
Tax Year 2023
Lot Size 0.474 Acres
Acres 0.474
Property Sub-Type Business
Property Description
The Commercial Collective powered by Realty ONE Group Terminus is honored to present this prime multifamily investment: a 13-unit apartment complex located at 20 Griffin St NW, Atlanta, GA 30314. This asset offers an incredible opportunity for savvy investors looking to capitalize on Atlanta's dynamic real estate market and robust economic growth.
Welcome to Griffin St Apartments, a prime investment opportunity in Atlanta! This multifamily property features 13 spacious units, each offering 2 bedrooms and 1 bathroom. With a significant upside potential, this property is a lucrative venture waiting to be seized.
This 13-unit apartment complex at 20 Griffin St NW is an exceptional investment, poised for substantial growth and profitability. Its unbeatable location, combined with the economic vitality of Atlanta and future developments, makes it an attractive addition to any real estate portfolio. Don't miss the chance to invest in one of the nation's most dynamic markets.
The property boasts a convenient location with a Walk Score of 69 and Good Transit accessibility. The rent roll demonstrates strong potential. The buildings span over 10,000 SF, offering ample space for residents to enjoy.
Property Highlights:
Prime Location: Situated in the heart of Atlanta, this property benefits from its proximity to major economic generators and vibrant city amenities.
Strong Rental Demand: The 30314 ZIP code is characterized by a high rental demand, driven by its accessibility to downtown Atlanta and key employment centers.
Value-Add Potential: The property offers significant upside potential through strategic renovations and rent adjustments, aligning with market rates.
Remarkable Location:
Economic Generators Nearby:
Mercedes-Benz Stadium: Home to the Atlanta Falcons and Atlanta United, this iconic stadium is a major draw for sports enthusiasts and concert-goers alike.
Georgia World Congress Center: One of the largest convention centers in the country, attracting millions of visitors annually for conferences, trade shows, and events.
Atlanta University Center Consortium: This cluster of historically black colleges and universities, including Spelman College, Morehouse College, and Clark Atlanta University, ensures a steady stream of students and faculty seeking quality housing options.
Significant Landmarks:
Centennial Olympic Park: A bustling urban park that serves as a hub for community events, concerts, and festivals.
Ponce City Market: A renowned mixed-use development offering a variety of dining, shopping, and entertainment options.
Future Developments:
Westside Park: Set to be Atlanta's largest green space, this transformative project is poised to boost property values and enhance the quality of life for residents.
Centennial Yards Development: A multi-billion-dollar mixed-use project that will introduce retail, office, and residential spaces, further energizing the downtown area and its surroundings.
Location
State GA
County Fulton
Zoning SPI
Lake Name None
Rooms
Other Rooms None
Basement None
Interior
Interior Features Other
Heating Other
Cooling Other
Flooring Laminate
Window Features None
Exterior
Parking Features Parking Lot
Fence Wood
Utilities Available Electricity Available, Natural Gas Available, Water Available, Other
Waterfront Description None
View City
Roof Type Other
Street Surface Asphalt
Accessibility None
Handicap Access None
Total Parking Spaces 18
Private Pool false
Building
Lot Description Other
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community no
Special Listing Condition None
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "