For Sale Subject to Market Offers
Property Type Multi-Family
Property Size 14,616 SF
Units 40
Lot Size 0.67 Acre
Year Built 1960
Year Renovated 2022
Date Updated Apr 10, 2024

Atlanta, GABull Realty is pleased to present this opportunity to purchase this newly renovated, award winning affordable multifamily property in Atlanta’s popular up and coming Westside, also known as 12 Hundred Studios. What started as a blighted 20-unit apartment building has transformed into a vibrant affordable housing solution with rents restricted to 60% of the area median income. A first of its kind, the current owners pioneered the idea of converting this old, tired, crime ridden apartment complex into 40 highly-efficient fully furnished affordable housing options for the local community, thus drastically improving the neighborhood and immediate area. So much so that they were awarded the Atlanta Regional Commission Regional Excellence Award in 2023 for “Innovative Development” and the Costar Community Impact Award for “Best New Multifamily Development in Atlanta”. For more information on both of these awards and the ribbon cutting ceremony with the Atlanta Mayor, please refer to page 14 of this offering. These fully-furnished luxurious studios feature state-of-the-art appliances, designer furnishings, in-unit laundry and European style bathrooms, along with shared balconies/patios for all units. The exterior of the property also went through a major transformation with vibrant new murals painted by local well-known muralists and improved security with gated access throughout. Not only is the property located just steps from the future Westside BeltLine Trail and across the street from future planned greenspace, but also offers quick and easy access to MARTA and downtown Atlanta within minutes.

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Highlights

40 highly-efficient affordable multifamily units located in Atlanta’s Westside
Recently gut renovated (2021-22) throughout with all new electrical, plumbing, mechanicals, roofs, windows, doors, interiors, etc.
Fully-furnished units with murphy beds, fully equipped kitchenettes and washer-dryer combo in all units
All units feature large shared exterior balconies or patio space
Property has off-street parking with gated/secured access
Conveniently located just minutes from Downtown Atlanta and Atlanta University Center
Walking distance to Ashby MARTA rail station with easy access to MARTA bus service
Nearby amenities include the future Westside BeltLine Trail (1 block away) and future greenspace/park across the street
Sale subject to a non-governmental Land Use Restrictive Agreement (LURA). See page 5 for more details

Contacts

Andy Lundsberg

Bull Realty

(404) 876-1640

Location

Getting Around

Walk Score ®
41/100 Car-Dependent
Transit Score ®
52/100 Good Transit
Bike Score ®
37/100 Somewhat Bikeable

Map
Street

City Atlanta, GA
Neighborhood Hunter Hills
Zip Code 30314
Market Atlanta

Points of Interest

Ashby

0.68 miles
Bankhead

0.71 miles
West Lake

1.22 miles
Vine City

1.37 miles
GWCC/CNN Center

1.74 miles
West End

1.96 miles
Centennial Olympic Park

2.02 miles
Garnett

2.02 miles
Five Points

2.11 miles
Luckie at Cone

2.12 miles

Mobil

0.73 miles
Texaco

0.74 miles
Exxon

0.75 miles
Shell

0.94 miles
BP

1.25 miles
Chevron

1.55 miles
Texaco

1.63 miles
Shell

1.67 miles
Exxon

1.76 miles
BP

1.77 miles

Ashby Park & Ride

0.61 miles
West Lake Park & Ride

1.25 miles
Morehouse Parking Deck

1.35 miles
Vine City Park & Ride

1.39 miles
E Parking Deck

1.58 miles
Campus Recreation Parking Deck

1.64 miles
Atlanta Humane Society Guest Parking

1.67 miles
Silver Deck

1.69 miles
Curran Street Parking Deck

1.71 miles
Student Center Parking Deck

1.73 miles

Clarion Inn & Suites Atlanta Downtown

1.64 miles
REVERB by Hard Rock

1.70 miles
Hyatt House Atlanta/Downtown

1.72 miles
Hilton Garden Inn Park Pavilion

1.79 miles
SpringHill Suites Atlanta Downtown

1.85 miles
Omni Atlanta Hotel at CNN Center

1.86 miles
Embassy Suites

1.86 miles
Bellyard, Atlanta, a Tribute Portfolio Hotel

1.87 miles
Hampton Inn Atlanta-Georgia Tech Downtown

1.90 miles
Glenn Hotel, Autograph Collection

1.98 miles

Atlanta Wing

0.76 miles
KFC

0.78 miles
Chick-fil-A

0.81 miles
Church's Chicken

0.98 miles
Dunkin' Donuts

1.31 miles
Pizzaiolo

1.50 miles
5 Seasons

1.50 miles
Delia's Chicken Sausage Stand

1.50 miles
Wing Nuts

1.52 miles
Le Fat

1.52 miles

Alonzo F Herndon Elementary School

0.36 miles
Booker T Washington High School

0.63 miles
Clement School

0.63 miles
KIPP West Atlanta Young Scholars Academy

0.65 miles
School for Integrated Academics and Technologies

0.84 miles
Michael R. Hollis Innovation Academy

0.86 miles
M Agnes Jones Elementary School

0.96 miles
Carter G Woodson Elementary School

1.04 miles
F L Stanton Elementary School

1.06 miles
Interdenominational Theological Center

1.17 miles

Carol's Daughter Learning Center

2.18 miles
The Children's Campus @ Georgia Tech

2.25 miles
Paly 2 Grow

3.40 miles
Primrose School

3.42 miles
Freedom Park Preschool

4.37 miles
YWCA

4.42 miles
Atlanta Montessori International School

4.55 miles
The Clifton School

7.05 miles
Gymboree

7.51 miles
Decatur Presbyterian Children's Community

7.65 miles

Frequently Asked Questions

What is the total square footage of Award Winning Affordable Multifamily Near Westside BeltLine Trail | 40 Units?

Award Winning Affordable Multifamily Near Westside BeltLine Trail | 40 Units totals 14,616 square feet.

When was this property built?

Award Winning Affordable Multifamily Near Westside BeltLine Trail | 40 Units was built in 1960.

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