Keller Knapp Commercial | 1221 Euclid Avenue NE, Atlanta, GA 30030
1433
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1221 Euclid Avenue NE, Atlanta, GA 30030

Category
Commercial, Investment
About This Project

A savvy investor understands that an opportunity like this does not come often. Located in-coveted Candler Park, this rare find quadruplex is all about location, location, location!!  Not only is this gem of a property within a two minute walk from the bars and restaurants of Little 5 Points , it’s also located near Edgewood shopping district, Freedom Park bike and walk trail, and the famous ATL Beltline. Originally built in 1920, this property includes four 1B/1BA apartments, three of which boast original 1920 features such as 10 foot ceilings, intricate trim molding, hardwood floors, casement windows, and fireplaces. Kitchens in two of the units have recently been renovated (Unit 2 was completed a few months ago). The Home comes with ample parking for all units in the back and more parking on the street. All current tenants in good standing and up to date on rent. The unique aspect to this property is not what it is, but what it can be. NOI fully occupied is $51,800/yr and current tenants are paying below market rates. With a little TLC, there’s a possibility to increase rent 15% or more. Time to make hay while the sun shines!!!

 

 

View additional information and photos here.

 

 

List Price:  $1,100,000

 

 

Randolph Kallenberg
318-470-6447
kallenbergcre@gmail.com