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Award Winning Affordable Multifamily 1200 Mobile St NW

40 Unit Apartment Building $4,500,000 ($112,500/Unit) Atlanta, GA 30314

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Investment Highlights

40 highly-efficient affordable multifamily units located in Atlanta’s Westside. Conveniently located just minutes from Downtown Atlanta.
Fully-furnished units with murphy beds, fully equipped kitchenettes and washer-dryer combo in all units. All units feature shared exterior balconies.
Property has off-street parking with gated/secured access. Walking distance to Ashby MARTA rail station with easy access to MARTA bus service.

Recently gut renovated (2021-22) throughout with all new electrical, plumbing, mechanicals, roofs, windows, doors, interiors, etc.
Nearby amenities include the future Westside BeltLine Trail (1 block away) and future greenspace/park across the street.
Sale subject to a non-governmental Land Use Restrictive Agreement (LURA). See page 5 for more details.

Executive Summary

Bull Realty is pleased to present this opportunity to purchase this newly renovated, award winning affordable multifamily property in Atlanta’s popular up and coming Westside, also known as 12 Hundred Studios. What started as a tired, blighted 20-unit apartment building has transformed into 40 highly-efficient, fully furnished affordable apartments for the local community, thus drastically improving the neighborhood and immediate area. So much so that they were awarded the Atlanta Regional Commission Regional Excellence Award in 2023 for “Innovative Development” and the Costar Community Impact Award for “Best New Multifamily Development in Atlanta”. For more information on both of these awards and the ribbon cutting ceremony with the Atlanta Mayor, please refer to page 14 of this offering.

These fully-furnished luxurious studios feature state-of-the-art appliances, designer furnishings, in-unit laundry and European style bathrooms, along with shared balconies/patios for all units. The exterior of the property also went through a major transformation with vibrant new murals painted by local well-known muralists and improved security with gated access throughout. Not only is the property located just steps from the future Westside BeltLine Trail and across the street from future planned greenspace, but also offers quick and easy access to MARTA and downtown Atlanta within minutes.

Offering Memorandum

Property Facts

Price	$4,500,000	Building Class	C
Price Per Unit	$112,500	Lot Size	0.66 AC
Sale Type	Investment	Building Size	14,616 SF
No. Units	40	Average Occupancy	95%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built/Renovated	1960/2022
Apartment Style	Garden

Price	$4,500,000
Price Per Unit	$112,500
Sale Type	Investment
No. Units	40
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.66 AC
Building Size	14,616 SF
Average Occupancy	95%
No. Stories	2
Year Built/Renovated	1960/2022