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.

Cash-Flow Machine! Renovated 20-unit All Brick Apartments in East Point 3214 McKenzie Dr., East Point, GA 30344 As solid as they come! This all brick apartment building has undergone extensive renovations and updates over the past five years, and it's ready for smooth, low-maintenance operations. The clean, well-managed environment attracts and keeps good tenants. The property has a stabilized three-year operating history and actual 2009 financials show a 10.8% cap rate. It would be ideal for someone who wants to guard against inflation by investing in real estate. The sellers are gradually getting out of the business, but they still have several other properties in the area and will be available after the sale to ensure a smooth transition. Seller asks to see a Lender Letter (pre-qual) before any interior showings. If you don’t have a lender, we can refer you to a good local lender who is familiar with the property, and can provide financing, possibly up 75% LTV, depending on the buyer’s qualifications. Shown by appointment only. Please do not disturb tenants! Price: $845,000 ($42,500/unit) Contact: Vaughan Simmons 404-569-3465 Photos | Map | Brochure
Great Visibility in a Prime Buckhead Location 2828 Piedmont Rd., Atlanta, GA 30305 This classic 10-unit brick building is a landmark on Piedmont Road across from the Mercedes dealership. It was built in 1942 and shows the character associated with construction of that era. It is convenient to restaurants, entertainment and shopping as well as I-85 and directly to downtown via Piedmont. The high visibility location makes it attractive as a possible site for medical, legal office or even retail. Seller would consider a sale contingent on re-zoning, and seller financing might be possible for a well-qualified buyer. Shown by appointment only. Please do not disturb tenants! Price: $850,000 Contact: Frederick Luster 404-379-1970 Photos | Map | Brochure
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 404-569-3465 Photos | Map | Brochure
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 404-569-3465 Photos | Map | Brochure
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 404-569-3465 Photos | Map | Brochure
For More Information Contact: Vaughan P. Simmons, CCIM Atlanta Apartment Brokers Cell/Direct: 404-569-3465 Fax: 404-806-4405 info@atlaptbrokers.com Sign Up for Notification of Available Properties!