44 Unit Multi-family Portfolio-Buckhead, ATL | 3510 Roswell Rd NW
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44 Unit Multi-family Portfolio-Buckhead, ATL 3510 Roswell Rd NW
44 Unit Apartment Building $11,400,000 ($259,091/Unit) 7.11% Cap Rate Atlanta, GA 30305
Investment Highlights
- 44 Unit value add multifamily opportunity in Buckhead - Atlanta, GA | +/- 3.28 Acres
- Opportunity to renovate some units and increase rental income
- RG3 Zoning - Residential Multi Family
- All units 2 Bedroom | 2 Bathroom | 1,176 sq/ft | Mix of Updated and value add opportunities
- Premier Location with excellent visibility and frontage on Roswell Rd, in Atlanta, GA. Centrally located between Piedmont Rd, Peachtree Rd
- Inquire about available financing options
Executive Summary
From the heart of Buckhead, on Atlanta’s iconic Roswell Rd thoroughfare, a rare opportunity to acquire a portfolio of 44 multifamily units. The units consist of a mix of renovated and value-added opportunities to increase rents. All 44 units are 2 bedrooms, 2 bathrooms, washer and dryer in unit, storage space and 1,176 sq/ft. Inquire about available financing options. The community is nestled amongst current and future developments, many national retail tenants, and some of Atlanta’s wealthiest multimillion dollar homes. The location sees an average daily traffic count of +20k vehicles and is centrally located between Buckhead Village and the Buckhead Financial district making this an extremely desirable livable location. With high visibility and convenience, the property is situated between Piedmont Rd and Peachtree Rd and enjoys easy access to I-285, I-85 and GA 400.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,188,000
|
$18.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$30,000
|
$0.48
|
| Effective Gross Income |
$1,158,000
|
$18.46
|
| Taxes |
$154,000
|
$2.45
|
| Operating Expenses |
$193,000
|
$3.08
|
| Total Expenses |
$347,000
|
$5.53
|
| Net Operating Income |
$811,000
|
$12.93
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,188,000 |
| Annual Per SF | $18.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $1,158,000 |
| Annual Per SF | $18.46 |
| Taxes | |
|---|---|
| Annual | $154,000 |
| Annual Per SF | $2.45 |
| Operating Expenses | |
|---|---|
| Annual | $193,000 |
| Annual Per SF | $3.08 |
| Total Expenses | |
|---|---|
| Annual | $347,000 |
| Annual Per SF | $5.53 |
| Net Operating Income | |
|---|---|
| Annual | $811,000 |
| Annual Per SF | $12.93 |
Property Facts
| Price | $11,400,000 | Property Subtype | Apartment |
| Price Per Unit | $259,091 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.11% | Lot Size | 3.30 AC |
| Sale Conditions | Bulk/Portfolio Sale | Building Size | 62,731 SF |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Price | $11,400,000 |
| Price Per Unit | $259,091 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.30 AC |
| Building Size | 62,731 SF |
| No. Stories | 2 |
| Year Built | 1963 |
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 44 | $2,000 | 1,176 |
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zoning
| Zoning Code | RG3 (Residential) |
| RG3 (Residential) |
-
Chuck Macphee Jr -
Megan Primrose -
Berkshire Hathaway GA Properties - Buckhead
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44 Unit Multi-family Portfolio-Buckhead, ATL | 3510 Roswell Rd NW
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