Properties for Sale
Many of the properties we work with are not listed. The sellers are open to offers, but they don’t want a stream of traffic through the property, and they don’t want the fact that they are considering selling to be broadcast. They count on us to do a bit of “Matchmaking” before we reveal any specific information about their property. Please contact us to discuss the properties we may have available.
Sampling of Available Properties
30 Units plus approx. 0.5 acres for new construction. All zoned RG-2. High exposure location backs up to very upscale residential neighborhood. Total of over 2 acres could be candidate for re-development. Priced at $3MM
8 Units in beautiful neighborhood on the north edge of Buckhead. Excellent visibility and upscale area make this a great candidate for a conversion project -- small developer, or large developer who needs a side project to keep crews busy. Priced at $1.35MM
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Classic Virginia-Highland Apartments
1016 Greenwood Ave. NE, Atlanta, GA 30306
This attractive 10-unit building is located just steps from the Virginia-Highland shops and restaurants along N. Highland Avenue. Nine of the units feature hardwood floors, and most have washer/dryer connections. The building has been updated with new windows, central heat & air, and was re-plumbed around 2001. It has been well-maintained by a professional management company for the past few years, and is in very good overall condition. Apartment buildings in this area do not come on the market often, and this is an rare opportunity. Seller needs to see a Lender Letter (pre-qual) before any interior showings.
Price: $875,000 ($87,500/unit)
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
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9-Unit Apartment in Virginia-Highland
983 St. Charles Ave. NE, Atlanta, GA
This 9-unit apartment building is located in the heart of the popular Virginia-Highlands area. The 1960s brick building was originally 10 units, but the first and second floor units on the end of the building were combined, creating a 2BR townhouse unit, which would be ideal for an owner’s unit. The remaining 8 units have identical 1-bedroom, 1-bath floorplans. The property has been well maintained, and has little deferred maintenance. Many of the other rental units in the area have been converted to condominiums, reducing the supply of competing rental units. Seller needs to see a Lender Letter (pre-qual) before any interior showings.
Price: $765,000 ($85,000/unit)
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
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Renovated College Park Apartments
1611 Harvard Ave, College Park, GA
This charming 24-unit apartment property attracts tenants with its great curb appeal. It features a wide courtyard with grass and trees in front, and parking behind the building. The owners have made extensive renovations and upgrades, and the well-maintained building and pleasant environment keep occupancy high with minimal marketing. The property is located adjacent to Princeton Village, a 53-acre development that includes new single family homes in the $300,000 range and townhomes from $230,000. It is very close to Hartsfield-Jackson International Airport, I-85, and is close to Woodward Academy, one of Atlanta’s premier private schools. It is walking distance to MARTA bus and rail.
Price: $1,325,000 ($55,208/unit)
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
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14-Unit All Brick Apartments on Windy Hill Road
176-180 Windy Hill Road SW
Marietta, GA 30060
This all-brick apartment property is located on Windy Hill Road, approx. one mile west of South Cobb Drive. The high visibility location attracts tenants and keeps the building occupied with a minimum of marketing. The current owners have done extensive fix-up and replacements, and the property is ready to cruise along with low maintenance operations. Current average rent is $658; new tenants are going in at $665, and given the high level of occupancy, there appears to be room to continue increases next year..
Price: $835,000
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
Photo Tour
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Renovated 20-unit All Brick Apartments in East Point
3214 McKenzie Dr., East Point, GA 30344
This all brick apartment building has undergone extensive renovations, updates, and landscaping. Most of the work done by the very conscientous and attentive-to-detail owners. It’s now ready for smooth, low-maintenance operations. The clean, attractive environment attracts and keeps good tenants. It is located on a quiet cul-de-sac off Washington Road, a major east-west thoroughfare in one of Atlanta’s promising and developing in-town markets. There is good demand for rentals in the area and occupancy rates continue to increase. Seller needs to see a Lender Letter (pre-qual) before any interior showings.
Shown by appointment only. Please do not disturb tenants!
Price: $955,000 ($47,750/unit)
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
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8-Unit in the Heart of Midtown
718 Penn Ave., Atlanta, GA 30308
718 Penn Ave. is a 2-story, 8-unit building with brick over frame construction, and a stucco facade on the upper level. The interiors preserve the original architecture and style, and feature hardwood floors, arched doorways, and high ceilings. There is off-street parking behind the building. There are seven studios and a one-bedroom unit. Current rents are around $650 for the studios; the one-bedroom rents for $860. This property would be very well suited for an owner to live in the one-bedroom unit and manage the property. Under that scenario, the payments would be only slightly higher than rent for the one-bedroom unit.
Shown by appointment only. Please do not disturb tenants!
Price: $575,000
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
Photo Tour
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168-unit Value-Add Opportunity in Southeast Atlanta
3321 Peppertree Circle, Decatur, GA
Wildwood Apartments represent an exceptional opportunity for an experienced operator who can build on the solid base this property offers. It was built in1972, and has been well maintained, but the age is starting to show in spots. Construction is a combination of brick and T-111 siding. It has good appeal from the street and lots of grass and open space between buildings. The attractive setting and convenient location help keep occupancy high. Some relatively minor updates, and a tightly run utility bill-through program could bring this property back to its full potential. Perhaps the biggest challenge with the property is that gas is not individually metered. Hot water is supplied from boilers at the end of each building, and all units have gas heat and gas stoves.
There are encouraging signs of new construction in the immediate area: new townhomes right around the corner, new single family subdivision under construction on Flat Shoals, grading for new buildings in a nearby industrial park, etc. This area outside I-285 seems to have a different character from SE Atlanta inside I-285.
Price: $3,864,000 ($23,000/unit)
Contact:
Vaughan Simmons
404-634-6030
Photos | Map | Brochure |
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For More Information Contact:
Vaughan P. Simmons, CCIM
Atlanta Apartment Brokers
1955 Cliff Valley Way, Suite 200
Atlanta, GA 30329
Tel: 404-634-6030
Cell/Direct: 404-569-3465
Fax: 404-806-4405
info@atlaptbrokers.com
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