969 Piedmont Avenue NE , Atlanta

Price:
$2,700,000
Type:
Multi-Family
Year Built:
1920
Approx. Sq. Ft.:
n/a
Sq. Ft. Source: NA
Bedrooms:
n/a
Bathrooms:
n/a
Half-Baths:
n/a
Lot Size:
0.2405 Acres

Description

Location, Location, Location. These TWO properties present an investor the opportunity to purchase 2 stabilized properties in an unmatched location in the heart of Midtown. 969 & 971 Piedmont Ave NE consist of one quadraplex and one triplex (2 parcels), located just a few steps from Piedmont Park near the corner of 10th & Piedmont. Within walking distance are several restaurants and shops, the Fox Theatre, the Midtown MARTA transit station, and the Midtown Financial District. The area draws tenants from its proximity to Georgia Tech, Georgia State University, The High Museum, SCAD and other numerous cultural activities. Midtown has steadily remained one of the strongest rental markets in Metro Atlanta. Both properties were recently renovated. All units have central HVAC, dedicated laundry and dedicated/private surface parking in the rear. All units are currently 100% occupied with long term (~1 year) leases generating strong income. Huge upside potential as an Airbnb property with the right licenses and approvals. Future redevelopment potential with surrounding properties given the current underutilization of this A+ location.
FMLS#: 7100016

School Information

Exterior Features
Construction:Other
Built In:1920
Stories:Two
Sewer:Public Sewer
Parking:Parking Lot, Paved
Services:Near Beltline, Near Marta, Park
Utilities:Electricity Available, Natural Gas Available, Water Available
Acres:0.2405

Interior Features
Features:Central Air, Central
HVAC:Central Air

Last updated: 11/26/2022 1:31:18 PM from FMLS
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