Value-Add Multifamily Opportunity | 125 Units

For Sale

1800 Memorial Dr SE, Atlanta, GA 30317

This Atlanta property for sale is located at 1800 Memorial Dr SE. The current listed sale price for Value-Add Multifamily Opportunity | 125 Units is $24,375,000. Value-Add Multifamily Opportunity | 125 Units is situated on a lot that is 5.3 acre in size.

Contacts

broker

Andy Lundsberg

Bull Realty

(404) 876-1640

Property Details

  • Property Type Multi-Family
  • Property Size 9,720 SF
  • Units 125
  • Lot Size 5.3 Acre
  • Additional Rent Contact for pricing
  • Year Built 1962
  • Date Updated Apr 10, 2024
1800 & 1816 Memorial DriveValue-Add Multifamily Opportunity with Attractive Assumable Debt | 125 Units

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Well Located Asset: Popular Kirkwood Neighborhood of Atlanta. Walkable to several nearby shops, restaurants and other retail
  • High Growth Area: Several new developments in the surrounding area with new homes fetching as high as $1.5M
  • Heavy Lifting Complete: Exteriors recently renovated with newer roofs and windows (3-4 years old), exterior paint, awnings and other features. All electric with heat pumps throughout
  • Value-Add Potential: 50% of units are renovated, 50% are in classic condition offering value-add rental upside as units turnover. Potential to add 4-5 additional apartments, storage units or amenity space to underutilized basement area
  • Attractive Assumable Debt: Fannie Loan at 2.97% interest only - See page 6 for details
  • Tenant Amenities: Gated access, open greenspaces including Kirkwood Forest Trails (which is adjacent to the property), fenced dog-run area and in-unit and on-site laundry

Getting around

  • 62/100

    Walk Score ®

  • 41/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Atlanta, GA
  • Neighborhood Kirkwood
  • Zip Code 30317
  • Market Atlanta

Points of Interest

  • East Lake

    1.52 miles

  • Decatur MARTA Swanton Entrance

    2.61 miles

  • Decatur MARTA Sycamore Entrance

    2.69 miles

  • King Historic District

    2.71 miles

  • Edgewood at Hillard

    2.78 miles

  • Dobbs Plaza

    2.93 miles

  • Auburn at Piedmont

    3.11 miles

  • Avondale

    3.28 miles

  • Peachtree Center

    3.46 miles

  • Park Place

    3.46 miles

  • Texaco

    0.54 miles

  • Chevron

    0.57 miles

  • Citgo

    1.12 miles

  • Exxon

    1.20 miles

  • BP

    1.24 miles

  • Texaco

    1.26 miles

  • Citgo

    1.52 miles

  • Chevron

    1.53 miles

  • Shell

    1.55 miles

  • Shell

    1.64 miles

  • Edgewood/Candler Park Park & Ride

    1.25 miles

  • East Lake Park & Ride

    1.52 miles

  • Inman Park Park & Ride

    1.61 miles

  • faculty parking

    1.90 miles

  • West Parking

    2.32 miles

  • Decatur High School - Upper Lot

    2.37 miles

  • Lot 21 Parking

    2.47 miles

  • Taqueria parking

    2.49 miles

  • Courthouse Parking

    2.54 miles

  • Atlanta Medical Center Parking Deck B

    2.64 miles

  • Atlanta Motel

    1.22 miles

  • Highland Inn

    2.17 miles

  • Courtyard Atlanta Decatur Downtown/Emory

    2.72 miles

  • Greenwood Bed & Breakfast

    2.81 miles

  • University Inn

    2.97 miles

  • Ponce De Leon Place Bed & Breakfast

    3.00 miles

  • Decatur Inn and Suites

    3.01 miles

  • Super 8 by Wyndham Decatur/Dntn/Atlanta Area

    3.01 miles

  • House Chandler Riggs

    3.16 miles

  • Sheraton Atlanta Hotel

    3.24 miles

  • Publix

    1.09 miles

  • Target

    1.18 miles

  • Kroger

    1.26 miles

  • Publix

    1.65 miles

  • Oakhurst Market

    1.66 miles

  • Four Corners of the Earth Market Place

    1.70 miles

  • Sevananda

    1.75 miles

  • The Atlanta Dairies

    1.82 miles

  • Kroger

    1.85 miles

  • Kroger

    2.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Andy Lundsberg

Bull Realty

(404) 876-1640