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$1,895,000

Beds
Unknown
sq ft
Unknown

314 5th St NE, Atlanta, GA 30308

314 5th St NE

Atlanta, GA 30308

  • 14 days on market
Amazing Investor Opportunity, in the heart of the Midtown Garden District. This is an 8-unit Multi-Family Apartment building with upscale interior and exterior renovation and 100% leased apartment complex situated on Fifth St in midtown. The building features six 1/1's (3 of which have a bright sunroom), one 2/1 with a sunroom, and one studio unit. All units features new kitchens with SS appliances and granite countertops and each unit has its own stackable Washer/Dryers in the kitchen, renovated Bathrooms, new paint and flooring. Building has padded lock entry, front enclosed area with outdoor spaces, back units have private decks/patios. Building has three off-street concrete pad dedicated parking spaces. All units separately metered for Gas and Power. Google Fiber available. Great short term rental opportunities, corporate housing, or Airbnb potential. Minutes to Piedmont Park, Midtown, Downtown, and Atlanta Beltline.

Details

Property type

Est. home value

$1,857,969

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

Unknown

Year built

1979

Annual property taxes

$23,994

HOA

No

Price History

10/15/2024
FMLS

FMLS #7471855

Listed
$1,895,000
-5.25%
09/21/2024
FMLS

FMLS #7441268

Removed
$1,999,999
08/22/2024
FMLS

FMLS #7441268

Listed
$1,999,999
-6.98%

Schools & Community

Neighborhood: 

Midtown

Elementary school: 

Springdale Park

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Southern First Bank

Loan start date

September 2020

Original loan amount

$1,208,500

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Commercial, 3 year

Seller

Red Lane Strategy Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/03/2024 at 8:05 AM

Listing updated: 10/20/2024 at 12:15 AM

Listed by: Renu Lal, Oak Grove Advisors Inc Phone #: (404) 375-4872

MLS: FMLS #7471855

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