10 unit value-add apartment building just minutes from downtown Atlanta and GA Tech University and just one block away from the new Westside Beltline. The property consists of (8) two bed/one bath units and (2) one bed/one bath units. 6 of the 10 units are currently occupied. Current gross income around $6,000 per month with below market rents. All tenants are MTM. Great opportunity to renovate and increase rents in a rapidly growing area of Atlanta (intown). Sold as is. Please drive the property before requesting a tour. All 2 bed units have central heat and window ac. The 1 bed units have PTAC units for heat and air. All units are separately metered for gas and electric. Water is common. Plumbing is copper supply lines. Electric is original with several interior breaker panels replaced (updated). All units have separate water heaters. Gas services the water heaters, furnaces and stoves. No laundry on site. Roof/gutters are approx. 5-7 yrs old. Windows are vinyl. Owner financing available for qualified buyers with no less than 30% down payment, first lien position only. 6% interest only. 3 yr balloon. Inquire to agent for more details.
English Avenue, located between Bankhead and Vine City, is a historic and industrial Atlanta neighborhood with brick warehouses and modest early-20th-century homes. The neighborhood’s character concentrates along Donald Lee Hollowell Parkway NW near Joseph E. Boone Boulevard NW, where auto shops, corner markets, and murals set a working-street rhythm. The Atlanta BeltLine Westside Trail edges nearby, shaping a walk-and-roll corridor toward Westside Park. The King Plow Arts Center anchors the area with studios and event halls in a former factory complex. Nearby, Monday Night Brewing’s Garage adds a warehouse-scale taproom scene. Streetscapes mix rail lines, wide arterials, and pocket greens that frame a grounded, city-edge feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Concrete and hardwood floors
Flooring
Concrete
Hardwood
Heating & cooling
Central heating
Window unit cooling
Exterior features
Chain link and wrought iron fencing
Parking lot with space for 8 vehicles
Home design
Two-story building
Brick 4 sides construction
Fixer condition
Parking
Parking lot (8 total spaces)
Construction
Brick 4 sides
Shingle roof
Utilities
Public water
Public sewer
Electricity available
Natural gas available
Financial info
10 total units (multifamily)
Electricity and solar
View estimated energy costs and solar savings for this home
Special Public Interest Gardens Medium Density Residential District
The intent of the council in establishing SPI-3 as a zoning district is as follows: Preserve, protect and foster the redevelopment of English Avenue through the integration of transportation and land use planning in a way that balances local, regional, and state economic benefits; Preserve and protect English Avenue's historic buildings and sites as recognized by the inclusion of several buildings on the National Register of Historic Places; Encourage the development of housing that provides a range of opportunities for citizens within the district; Encourage a compatible mixture of residential, commercial, industrial, cultural and recreational uses; Create an urban environment where people can live, work, meet and play; Promote pedestrian safety by providing for pleasant and convenient sidewalk level pedestrian circulation that minimizes impediments by vehicles; Encourage the use of MARTA, other public transit facilities and alternative transportation modes; and Enhance the efficient utilization of accessible and sufficient parking facilities in an unobtrusive manner, including encouraging shared parking and alternative modes of transportation.
Permitted uses
Include but are not limited to:
Restaurant
Housing-Single unit
Housing-Multiple units
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 18 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Atlanta, GA • 30318
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Redfin Estimate
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