Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

940 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Ashby Park Apartments 880 Rock St NW

66 Unit Apartment Building $7,590,000 ($115,000/Unit) 5.76% Cap Rate Atlanta, GA 30314

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

All rents are significantly under-market. Opportunities to raise rents without significant renovation to the units.
Located just five minutes from the heart of downtown Atlanta, Ashby Park Apartments places residents at the center of the city's energy and excitement

The location is just a short walk from Ashby MARTA Station, providing convenient access to the Blue and Green train lines.
Benefiting from its unbeatable location, ensuring consistent leasing performance. The proximity to downtown ATL and major employers makes it desirable

Executive Summary

Prime location close to Downtown Atlanta. The Ashby Park Apartments have an extremely strong leasing history with the current owner of 20+ years. Purchase the asset to cashflow as-is or upgrade the property to increase rents significantly. Multiple exit opportunities with this asset.

Ashby Park Apartments - ATL, GA OM (12.6.24)

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$7,590,000	Building Class	C
Price Per Unit	$115,000	Lot Size	3.22 AC
Sale Type	Investment	Building Size	62,986 SF
Cap Rate	5.76%	Average Occupancy	100%
No. Units	66	No. Stories	2
Property Type	Multifamily	Year Built	1963
Property Subtype	Apartment	Parking Ratio	1.46/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$7,590,000
Price Per Unit	$115,000
Sale Type	Investment
Cap Rate	5.76%
No. Units	66
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	3.22 AC
Building Size	62,986 SF
Average Occupancy	100%
No. Stories	2
Year Built	1963
Parking Ratio	1.46/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.