Exceptional 8-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, public parks, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7.5% cap rate and immediate cash flow with over $122,000 in annual income. The community features 8 1-bed/1-bath units. 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, there are 2 vacant units, one of which will be left for showings and the other will be leased before closing. The remainder are leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 12 dedicated parking spaces for the tenants. 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

• Zip Code30337
• CityCollege Park
• CountyFulton - GA

Schools

• ElementaryParklane
• JuniorPaul D. West
• HighTri-Cities

MLS Data

• StatusPending
• MLS #7657095
• TypeResidential Income

Exterior Details

• ConstructionBrick 4 Sides
• Built In1965
• StoriesArray
• ParkingDriveway, Parking Lot, See Remarks
• ServicesNear Schools, Near Shopping
• UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• SewerPublic Sewer
• Lot DescriptionPrivate
• Lot Dimensionsx
• Acres0.4362

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