Highland Gate | 549-553 Highland Ave
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Highland Gate 549-553 Highland Ave
16 Unit Apartment Building $3,600,000 ($225,000/Unit) 6.50% Cap Rate Atlanta, GA 30312
Investment Highlights
- All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes
- All units have in-unit stacked washer/dryers and individual front and back patios/balconies
- Walking distance to the eastside Beltline trail and nearby restaurants and retail along Highland Ave
- All units are renovated to include new kitchens and baths with quartz countertops and stainless appliances
- Centralized location with quick easy access to downtown Atlanta, Ponce City Market, Inman Park and Old 4th Ward neighborhoods
- Gated secured access for tenants with large common area and greenspace
Executive Summary
Newly Renovated 16 Unit Apartment Building located in one of the hottest neighborhoods in the heart of Atlanta. Central location with quick easy access to downtown Atlanta, Midtown, I-85 and I-20. Walkable to nearby restaurants and shops with a brand new Publix grocery store planned adjacent to the property.
• All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes.
• All units are renovated to include new kitchens and baths with quartz countertops and stainless appliances
• All units have in-unit stacked washer/dryers and individual front and back patios/balconies
• Centralized location with quick easy access to downtown Atlanta, Ponce City Market, Inman Park and Old 4th Ward neighborhoods
• Walking distance to the eastside Beltline trail and nearby restaurants and retail along Highland Ave
• Gated secured access for tenants with large common area and greenspace
• Adjacent public dog park
• New Publix supermarket with over ±12,000 SF of retail development coming soon adjacent to the property.
• All units are low-maintenance loft-style units with cinderblock walls and concrete ceilings with exposed ductwork and modern finishes.
• All units are renovated to include new kitchens and baths with quartz countertops and stainless appliances
• All units have in-unit stacked washer/dryers and individual front and back patios/balconies
• Centralized location with quick easy access to downtown Atlanta, Ponce City Market, Inman Park and Old 4th Ward neighborhoods
• Walking distance to the eastside Beltline trail and nearby restaurants and retail along Highland Ave
• Gated secured access for tenants with large common area and greenspace
• Adjacent public dog park
• New Publix supermarket with over ±12,000 SF of retail development coming soon adjacent to the property.
Property Facts
| Price | $3,600,000 | Apartment Style | Garden |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.50% | Building Size | 8,008 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2024 |
| Price | $3,600,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,008 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2024 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Courtyard
- Fenced Lot
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 500 |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 14-0046-0006-161-1 | Improvements Assessment | $151,600 |
| Land Assessment | $160,000 | Total Assessment | $311,600 |
PROPERTY TAXES
Parcel Number
14-0046-0006-161-1
Land Assessment
$160,000
Improvements Assessment
$151,600
Total Assessment
$311,600
zoning
| Zoning Code | R-5 |
| R-5 |
-
Andy Lundsberg -
Michael Wess, CCIM -
Bull Realty Inc.
(404) 876-1640
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Highland Gate | 549-553 Highland Ave
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