550 Joseph E Lowery BLVD NW new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Subdivision/Er Elliott Prop
MLS Listing ID 7538395
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1960
Annual Tax Amount $5,971
Tax Year 2024
Lot Size 0.396 Acres
Acres 0.396
Property Sub-Type Other
Property Description
THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts @ $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property's overall market appeal. Property being Sold “AS IS”. THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!
Location
State GA
County Fulton
Lake Name None
Interior
Heating Electric,Forced Air
Cooling Central Air,Electric
Window Features Double Pane Windows,Wood Frames
Exterior
Parking Features Parking Lot,Paved
Fence Back Yard,Chain Link,Fenced,Wood
Community Features None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Composition,Shingle,Tar/Gravel
Accessibility None
Handicap Access None
Total Parking Spaces 7
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools M. A. Jones
Middle Schools Fulton - Other
High Schools Booker T. Washington
Others
Senior Community no
Tax ID 14 011400031272
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None