For Sale Determined By Market
Property Type Multi-Family
Property Size 89,328 SF
Units 100
Lot Size 5.82 Acre
Parking Spaces Avail. 145
Property Tenancy Multi-Tenant
Building Class C
Year Renovated 2020
Date Updated Aug 29, 2023

Metropolitan Garden Townhomes is located in close proximity to the Fulton Industrial District, the largest business complex in the Atlanta region. The townhomes are also eight miles west of Atlanta’s central business district, which is easily accessible do to the property’s close proximity to interchange I-20 and I-285. With 15 Fortune 500 and 26 Fortune 1000 companies that call the region home and a highly skilled workforce of over 2.5M residents, the metro Atlanta area is a vibrant metropolis and attractive marketplace for investors.UPDATED BID DEADLINE: September 12 ON-SITE INSPECTIONS: By Appointment Only ALL QUALIFYING BIDS ARE REQUIRED TO BE AT OR ABOVE $13,800,000. 90% OCCUPIED I PRO-FORMA NOI: $873,000 U.S. Bankruptcy Court Eastern District of New York (Brooklyn) Bankruptcy Petition #: 1-22-42718 jmm | In re: Acorn Real Property Acquisition, Inc. ------------------------------------------------------------------------------------------------------------------------------------------- Metropolitan Garden Townhomes (MGT) is a stabilized, income-producing complex and represents an excellent opportunity to acquire a recently renovated, 100-unit, townhome-style apartment complex situated in a qualified Opportunity Zone. MGT is conveniently located close to fantastic employment opportunities for tenants, major interstates, colleges, large corporations and retail. This well-maintained complex consists of eleven, two-story buildings and features all two-bedroom, one-and-a-half-bathroom apartments with ample on-site parking in a secure, gated community. Units feature updated kitchens with dishwashers, in-unit washers and dryers, as well as updated bathrooms.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Brochure - Multifamily Atlanta, GA (PDF) opens in new window

Highlights

Metropolitan Gardens is an 11-building, gated community comprised of 100 two-story garden townhouse-style units
Each unit features a 2-bedroom layout – 1st floor with half bath & 2nd floor with bedrooms & full bath
Extensive renovations completed in 2020 include: new roofs, windows, doors, flooring, kitchens, bathrooms, HVAC systems, plumbing & more
Excellent access to I-20 & I-285
Close proximity to major employment centers & commercial districts
Atlanta’s CBD is only 8 miles east
Easy conversion to a townhome condominium complex, allowing the units to be sold individually

Location

Getting Around

Walk Score ®
40/100 Car-Dependent
Transit Score ®
40/100 Some Transit
Bike Score ®
22/100 Somewhat Bikeable

Map
Street

City Atlanta, GA
Neighborhood Old Gordon
Zip Code 30331
Market Atlanta

Points of Interest

Hamilton E. Holmes

2.50 miles
West Lake

3.89 miles
Bankhead

4.74 miles
Ashby

5.43 miles
West End

5.98 miles
Oakland City

6.01 miles
Vine City

6.19 miles
GWCC/CNN Center

6.56 miles
Lakewood/Fort McPherson

6.58 miles
Garnett

6.72 miles

Chevron

1.74 miles
BP

1.78 miles
QuikTrip

1.79 miles
RaceTrac

1.79 miles
Shell

1.81 miles
Chevron

2.29 miles
RaceTrac

2.32 miles
BP

2.37 miles
Citgo

2.85 miles
Shell

2.93 miles

H. E. Holmes Park & Ride

2.41 miles
Teacher's Parking Lot

2.56 miles
H. E. Holmes Park & Ride

2.57 miles
Parking Lot

2.70 miles
West Lake Park & Ride

3.92 miles
Barge Road Park & Ride

5.34 miles
Ashby Park & Ride

5.34 miles
Thornton Road Park & Ride

5.47 miles
Mableton Park & Ride

5.52 miles
Morehouse Parking Deck

5.77 miles

Quality Inn & Suites Near Six Flags East

0.42 miles
Airway Motel

0.58 miles
Budgetel Atlanta

0.61 miles
Armada Inn

0.85 miles
Fulton Inn Motor Hotel

0.85 miles
Howard Johnson Atlanta Near Six Flags

0.97 miles
A2C Budget Hotel

0.99 miles
Super Inn

1.27 miles
Red Roof Inn Atlanta - Six Flags

1.34 miles
Econo Lodge At Six Flags

2.32 miles

Burger King

1.80 miles
Birds of Prey Cafe

2.09 miles
Waffle House

2.23 miles
Grand Champion BBQ

2.50 miles
Wendy's

2.71 miles
Wendy's

2.77 miles
Wendy's

2.86 miles
Hong Kong Super Buffet

2.95 miles
US Deli

2.95 miles
Wendy's

2.95 miles

Charles Lincoln Harper-Samuel Howard Archer Middle School

0.74 miles
George A Towns Elementary School

0.76 miles
Adamsville Elementary School

0.81 miles
Imhotep Academy

0.83 miles
Margaret Fain Elementary School

1.04 miles
Harwell Road Elementary School

1.07 miles
Basoline E Usher Elementary School

1.07 miles
Lenora P Miles Elementary School

1.10 miles
Atlanta Youth Development Center

1.76 miles
Alfred Blalock Elementary School

2.03 miles

Angel's Academy

6.07 miles
Paly 2 Grow

6.29 miles
The Children's Campus @ Georgia Tech

6.68 miles
Carol's Daughter Learning Center

6.91 miles
Sunbrook Academy

7.36 miles
Oxford Babies

8.01 miles
Primrose School

8.19 miles
Childcare Network

8.48 miles
YWCA

9.12 miles
Freedom Park Preschool

9.19 miles

Frequently Asked Questions

What is the total square footage of Income-Producing, 100-Unit Townhome Apartment Complex?

Income-Producing, 100-Unit Townhome Apartment Complex totals 89,328 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.