Value-Add Multifamily Opportunity | 125 Units

1800 Memorial Dr SE, Atlanta, GA 30317

  • For Sale $24,375,000
  • Property Type Multi-Family
  • Property Size 9,720 SF
  • Units 125
  • Lot Size 5.3 Acre
  • Year Built 1962
  • Date Updated Apr 10, 2024
1800 & 1816 Memorial DriveValue-Add Multifamily Opportunity with Attractive Assumable Debt | 125 Units

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Highlights

  • Well Located Asset: Popular Kirkwood Neighborhood of Atlanta. Walkable to several nearby shops, restaurants and other retail
  • High Growth Area: Several new developments in the surrounding area with new homes fetching as high as $1.5M
  • Heavy Lifting Complete: Exteriors recently renovated with newer roofs and windows (3-4 years old), exterior paint, awnings and other features. All electric with heat pumps throughout
  • Value-Add Potential: 50% of units are renovated, 50% are in classic condition offering value-add rental upside as units turnover. Potential to add 4-5 additional apartments, storage units or amenity space to underutilized basement area
  • Attractive Assumable Debt: Fannie Loan at 2.97% interest only - See page 6 for details
  • Tenant Amenities: Gated access, open greenspaces including Kirkwood Forest Trails (which is adjacent to the property), fenced dog-run area and in-unit and on-site laundry

Contacts

broker

Andy Lundsberg

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Kirkwood
  • Zip Code 30317
  • Market Atlanta

Points of Interest

  • Edgewood/Candler Park

    1.18 miles

  • East Lake

    1.52 miles

  • Inman Park/Reynoldstown

    1.53 miles

  • Decatur MARTA Swanton Entrance

    2.61 miles

  • Decatur

    2.65 miles

  • Decatur MARTA Sycamore Entrance

    2.69 miles

  • King Memorial

    2.69 miles

  • King Historic District

    2.71 miles

  • Edgewood at Hillard

    2.78 miles

  • Dobbs Plaza

    2.93 miles

  • Texaco

    0.54 miles

  • Chevron

    0.57 miles

  • Citgo

    1.12 miles

  • Exxon

    1.20 miles

  • BP

    1.24 miles

  • Texaco

    1.26 miles

  • Citgo

    1.52 miles

  • Chevron

    1.53 miles

  • Shell

    1.55 miles

  • Shell

    1.64 miles

  • Edgewood/Candler Park Park & Ride

    1.23 miles

  • East Lake Park & Ride

    1.48 miles

  • Inman Park Park & Ride

    1.61 miles

  • faculty parking

    1.90 miles

  • West Parking

    2.32 miles

  • Decatur High School - Upper Lot

    2.37 miles

  • Lot 21 Parking

    2.47 miles

  • Taqueria parking

    2.49 miles

  • Courthouse Parking

    2.54 miles

  • Atlanta Medical Center Parking Deck B

    2.64 miles

  • Atlanta Motel

    1.22 miles

  • Highland Inn

    2.17 miles

  • Courtyard Atlanta Decatur Downtown/Emory

    2.72 miles

  • Greenwood Bed & Breakfast

    2.81 miles

  • University Inn

    2.97 miles

  • Ponce De Leon Place Bed & Breakfast

    3.00 miles

  • Decatur Inn and Suites

    3.01 miles

  • Super 8 by Wyndham Decatur/Dntn/Atlanta Area

    3.01 miles

  • House Chandler Riggs

    3.16 miles

  • Sheraton Atlanta Hotel

    3.24 miles

  • Subway

    0.41 miles

  • Kirkyard Public House

    0.41 miles

  • Elmyriachi

    0.44 miles

  • Le Petit Marche

    0.44 miles

  • Home Bar

    0.44 miles

  • Dulce Vegan Bakery and Cafe

    0.44 miles

  • Anna's BBQ

    0.45 miles

  • Arden's Garden

    0.46 miles

  • Urban Pie

    0.47 miles

  • Ration and Dram

    0.77 miles

  • Crim Open Campus High School

    0.18 miles

  • Burgess-Peterson Academy

    0.51 miles

  • Fred A Toomer Elementary School

    0.52 miles

  • Kirkwood Elementary School

    0.69 miles

  • Charles R Drew Charter School

    0.83 miles

  • Whitefoord Elementary School

    0.84 miles

  • Clara Mohammed School

    1.11 miles

  • Terry Mill Elementary School

    1.15 miles

  • Light of the World Christian School

    1.30 miles

  • 4/5 Academy at Fifth Avenue

    1.44 miles

  • Atlanta Montessori International School

    1.73 miles

  • Freedom Park Preschool

    1.90 miles

  • Primrose School

    2.43 miles

  • Decatur Presbyterian Children's Community

    2.67 miles

  • YWCA

    2.69 miles

  • Montessori Academy

    3.09 miles

  • Rocket Camp

    3.12 miles

  • The Ellis School

    3.12 miles

  • Little Linguists International School

    3.16 miles

  • Camp Scene Environmental Adventures

    3.19 miles

Frequently Asked Questions

What is the lease rate for Value-Add Multifamily Opportunity | 125 Units?

Rental asking rate at Value-Add Multifamily Opportunity | 125 Units is $12,187,500.00/YR.

What is the total square footage of Value-Add Multifamily Opportunity | 125 Units?

Value-Add Multifamily Opportunity | 125 Units totals 9,720 square feet.

When was this property built?

Value-Add Multifamily Opportunity | 125 Units was built in 1962.

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Contact Listing Broker

broker

Andy Lundsberg

Bull Realty

(404) 876-1640