Exceptional 16-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7–8% cap rate and immediate cash flow with over $261,000 in annual income. The community features 12 spacious 2-bed/1-bath units and 4 well-designed studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, fiber-optic wiring, and a crawl space foundation that reduces upkeep expenses. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.

Location

• SubdivisionCollege Park
• Zip Code30337
• CityAtlanta
• CountyFulton - GA

Schools

• ElementaryParklane
• JuniorPaul D. West
• HighTri-Cities

MLS Data

• StatusActive
• MLS #7640067
• TypeResidential Income

Exterior Details

• ConstructionWood Siding
• Built In1972
• StoriesArray
• ParkingDriveway, Level Driveway, Parking Lot, See Remarks
• ServicesNear Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights
• UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• SewerPublic Sewer
• Lot DescriptionCorner Lot
• Lot Dimensionsx
• Acres0.872

Listing Provided Courtesy Of: Hardeman Real Estate LLC 678-608-2546