625-635 Jett St | 18-Unit Multifamily | 625 Jett St NW
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625-635 Jett St | 18-Unit Multifamily 625 Jett St NW
18 Unit Apartment Building $2,750,000 ($152,778/Unit) 6.40% Cap Rate Atlanta, GA 30318
Investment Highlights
- 100% occupied 18-unit multifamily opportunity
- High Density zoning ideal for future redevelopment
- High growth area with several new developments in the immediate area (Echo Street West development)
- Fully renovated in 2018
- 2 blocks from Atlanta Westside Beltline Connector Trail | Walking distance to GA Tech University
- Located in Qualified Opportunity Zone | Easy access to I-75/I-85, Northside Drive, downtown Atlanta and MARTA
Executive Summary
100% occupied 18-unit multifamily opportunity on the fringe of downtown Atlanta. Great investment opportunity to get into a recently renovated multifamily in an up and coming neighborhood with guaranteed rents from Atlanta Housing Authority.
HIGHLIGHTS:
Fully renovated in 2018
High Density zoning ideal for future redevelopment
2 blocks from Atlanta Westside Beltline Connector Trail
Walking distance to GA Tech University
High growth area with several new developments in the immediate area (Echo Street West development)
Beautiful unobstructed views of downtown Atlanta skyline
Located in Qualified Opportunity Zone (see page 15)
Easy access to I-75/I-85, Northside Drive, downtown Atlanta and MARTA
HIGHLIGHTS:
Fully renovated in 2018
High Density zoning ideal for future redevelopment
2 blocks from Atlanta Westside Beltline Connector Trail
Walking distance to GA Tech University
High growth area with several new developments in the immediate area (Echo Street West development)
Beautiful unobstructed views of downtown Atlanta skyline
Located in Qualified Opportunity Zone (see page 15)
Easy access to I-75/I-85, Northside Drive, downtown Atlanta and MARTA
Property Facts
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $152,778 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 7,675 SF |
| Cap Rate | 6.40% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 2.35/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $2,750,000 |
| Price Per Unit | $152,778 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 7,675 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 2.35/1,000 SF |
| Opportunity Zone |
Yes |
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| Studios | 8 | - | - |
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zoning
| Zoning Code | SPI-3, SA3 (Westside Overlay) |
| SPI-3, SA3 (Westside Overlay) |
-
Andy Lundsberg -
Michael Wess, CCIM -
Bull Realty Inc.
(404) 876-1640
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625-635 Jett St | 18-Unit Multifamily | 625 Jett St NW
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