778 NE Argonne Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
778 NE Argonne Ave
4 Unit Apartment Building $1,500,000 ($375,000/Unit) 5% Cap Rate Atlanta, GA 30308
Investment Highlights
- Boutique renovated apartment building located on Argonne Ave in the center of Midtown offers great value and large floor plans.
- Hardwood floors, stainless steel appliances, garbage dispsal, dishwasher, microwave, washer/dryer.
- This building is walking distance to Midtown shops and restaurants and Piedmont Park.
Executive Summary
Boutique renovated apartment building located on corner of Argonne Avenue and 5th Street, in the center of Midtown Atlanta offers great value and large floor plans. This building is walking distance to Ponce de Leon a thoroughfare for shopping and restaurants, and Piedmont Park.
Hardwood floors
10' Ceilings
Tiled bathrooms
Coded access entry
Off-street parking
Location
778 Argonne Ave Ne
Atlanta, GA 30306
Hardwood floors
10' Ceilings
Tiled bathrooms
Coded access entry
Off-street parking
Location
778 Argonne Ave Ne
Atlanta, GA 30306
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$110,900
|
$30.89
|
| Other Income |
$2,400
|
$0.67
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,300
|
$31.56
|
| Taxes |
$16,500
|
$4.60
|
| Operating Expenses |
$21,500
|
$5.99
|
| Total Expenses |
$38,000
|
$10.58
|
| Net Operating Income |
$75,300
|
$20.97
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $110,900 |
| Annual Per SF | $30.89 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.67 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $113,300 |
| Annual Per SF | $31.56 |
| Taxes | |
|---|---|
| Annual | $16,500 |
| Annual Per SF | $4.60 |
| Operating Expenses | |
|---|---|
| Annual | $21,500 |
| Annual Per SF | $5.99 |
| Total Expenses | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $10.58 |
| Net Operating Income | |
|---|---|
| Annual | $75,300 |
| Annual Per SF | $20.97 |
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $375,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,590 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,590 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2020 |
| Parking Ratio | 1.11/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Stainless Steel Appliances
- Walk-In Closets
- Built-In Bookshelves
- Double Pane Windows
- Island Kitchen
- Window Coverings
Site Amenities
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,250 | 700 - 850 |
| 2+1 | 1 | $2,495 | 900 |
1 of 1
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 14-0049-0006-038-8 | Total Assessment | $401,640 (2023) |
| Land Assessment | $41,000 (2023) | Annual Taxes | $16,500 ($4.60/SF) |
| Improvements Assessment | $360,640 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-0049-0006-038-8
Land Assessment
$41,000 (2023)
Improvements Assessment
$360,640 (2023)
Total Assessment
$401,640 (2023)
Annual Taxes
$16,500 ($4.60/SF)
Tax Year
2024
zoning
| Zoning Code | R5 (Residential) |
| R5 (Residential) |
-
Edward Martin -
MLC Properties
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
778 NE Argonne Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.