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1425 Southland Vista Ct NE - Large Triplex Near Emory University

3 Unit Apartment Building Offered at $875,000 in Atlanta, GA 30329

INVESTMENT HIGHLIGHTS

  • Convenient in-town location in close proximity to Emory University, the CDC and Toco Hills retail corridor.
  • Ease of ownership; all brick structure with 3rd parties in place that provide landscaping, pest control and pool maintenance.
  • Value-add potential as the units are in average condition allowing for significant rent upside after renovating when units turnover.
  • Ideal investment for investor or owner-occupant looking for additional rental income.
  • Strong rental history as the property has been 100% occupied with long term tenants from 2005, 2008, and 2018.
  • Amenities include an inground pool, fenced backyard, on-site laundry, tenant storage areas in basement, and off-street parking.

EXECUTIVE SUMMARY

1425 Southland Vista Court presents a large triplex near Emory University with an in-ground pool loved and used by the residents. Other amenities include fenced-in backyard, on-site laundry, tenant storage areas in basement, and off-street parking. There is strong value-add potential to tap into as the units are in average condition allowing for significant rent upside after renovating when units turnover. The property has been 100% occupied with long term tenants from 2005, 2008, and 2018.

1425 Southland Vista Court is in a prime location in close proximity to Emory University, the CDC and Toco Hills retail corridor, ideal investment for investor or owner-occupant looking for additional rental income.

Emory University is one of the world’s leading centers for education and research. It has 150 years of medical education experience and is home to a vibrant community of students, faculty and staff. Emory University’s total enrollment (undergraduate & graduate/professional) is approximately 12,500 students. The university includes nine undergraduate and professional schools and Georgia’s most extensive health care system and research base. Its academic programs educate clinicians and scientists who advance health care in Georgia and around the world.

Atlanta, the capital and most populous city in Georgia, is the ninth-largest metro in the United States with over 5.9 million residents. It prides itself on its low business costs, tax-friendly environment, diverse economy and suburb quality of life. Encompassing a GDP over $270 billion, the Atlanta metropolitan area is a true “world city.”

Inquire today to learn more about acuqring this value-add and stabilized investment opportunity in the Biltmore Acres neighborhood of Atlana.

PROPERTY FACTS

Price $875,000
Price Per Unit $291,667
Sale Type Investment
No. Units 3
Property Type Multifamily
Apartment Style Garden
Building Class C
Lot Size 0.47 AC
Building Size 2,172 SF
No. Stories 1
Year Built 1963
Parking Ratio 1.84/1,000 SF

SITE AMENITIES

  • Laundry Facilities
  • Pool
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 - -
3+2 1 - -
  • Listing ID: 33970188

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 1425 Southland Vista Ct NE, Atlanta, GA 30329

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