$1,226,000
$1,250,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
0.44 Acres Lot
SOLD DATE : 11/14/2025
Key Details
Sold Price $1,226,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10619961
Sold Date 11/14/25
HOA Y/N No
Year Built 1965
Annual Tax Amount $8,048
Tax Year 2024
Lot Size 0.436 Acres
Acres 0.436
Lot Dimensions 18992.16
Property Sub-Type Multi Family
Source Georgia MLS 2
Property Description
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
State GA
County Fulton
Rooms
Basement None
Interior
Heating Heat Pump
Cooling Heat Pump
Fireplace No
Exterior
Parking Features Assigned, Parking Pad
Garage Spaces 12.0
Community Features Walk To Schools, Near Shopping
Utilities Available Electricity Individual Meters, Other
View Y/N No
Total Parking Spaces 12
Garage No
Private Pool No
Building
Faces Head southwest. Keep right at the fork and merge onto Virginia Ave. Turn right onto Madison St. Turn left at the 1st cross street onto Hardin Ave
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Schools
Elementary Schools Parklane
Middle Schools Paul D West
High Schools Tri Cities
Others
HOA Fee Include None
Tax ID 14 015900110551
Special Listing Condition Resale
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