Reynoldstown Commons 1124 SE Wylie St

Property is QC eligible: Reynoldstown Commons Apartments represents a phenomenal opportunity for value add investment in a stabilized, LIHTC affordable housing asset, in the sought after Reynoldstown neighborhood of Atlanta. The property benefits from an excellent location near local, regional and national retail, the Atlanta Beltline Eastside trail, Interstate 20, Moreland Avenue and easy access to/from many neighborhoods of Atlanta. New ownership can benefit from upside of increased allowable rents to 60% AMI over the current 40%/50% AMI rents. Current ownership is applying for approval of higher rents. The property has historically enjoyed high occupancy and minimal turnover. For more details, please complete and return the confidentiality agreement.
Two buildings on one parcel with 32 Units, built in 2005
41,664 SF
18 one bedroom and 14 three bedroom units
.4 miles from Eastside Beltline
3 minute walk to Inman Park/Reynoldstown MARTA station
Gazebo, community room, laundry room and playground on-site
19 free surface parking spaces
Individually metered for electricity
Pedestrian friendly – walk score of 77 according to walkscore.com. Short walk to variety of retail and restaurants
12 miles from Atlanta Airport
Convenient access to I-20, Memorial Drive and Moreland Avenue