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1164 Alta Avenue Ne, Atlanta, GA 30307

$3,225,000
  • 1164 Alta Avenue Ne, Atlanta, GA 30307 Main Photo

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Active
BEDS0 BATHS MLS#7800782
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONInman Park SCHOOLSpringdale Park - Midtown

Property Description

The Flats, a stabilized 16-unit multifamily investment opportunity offered at an attractive 6.5% cap rate. This well-maintained asset features a highly desirable unit mix of fourteen spacious two-bedroom one-bathroom units and two one-bedroom/one-bathroom units, all of which have been recently updated. With 100% occupancy and strong in-place income, the property offers true turnkey ownership with minimal near-term capital requirements. All units have central HVAC with off street parking and access to an onsite laundry facility. Strategically located in the heart of Inman Park, one of Atlanta's most sought after and walkable neighborhoods, the property offers convenient access to both Inman Park Village and Little Five Points. Tenants enjoy immediate proximity to an eclectic mix of award-winning restaurants, vibrant nightlife, boutique retail, and cultural attractions. The neighborhood's tree-lined streets, historic charm, and connectivity to the Atlanta BeltLine further enhance its appeal, driving consistent rental demand and long-term value appreciation. The Flats represents a rare opportunity to acquire a stabilized, income-producing asset in a premier intown Atlanta location with strong fundamentals, limited supply, and continued growth potential.

1164 Alta Avenue Ne | MLS# 7800782

This multi-family property located at 1164 Alta Avenue Ne, Atlanta, GA 30307 is currently listed for sale with an asking price of $3,225,000. Alta Avenue Ne is located within the Springdale Park - Midtown school district. Search Atlanta real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.52 Acres
Roof Type: Shingle
Taxes: $60,359
Year Built: 1964

Feature Descriptions

Days on Site: 39
Exterior: Brick 4 Sides
Lot: Irregular Lot
Lot Dimensions: 0x0
Parking Notes: Driveway, Parking Lot
Parking Total: 9
Sewer: Public Sewer
Special View Info: City
Units: 16
Utilities: Electricity Available, Water Available
Water: Public

Local Schools

High School: Midtown
Middle School: David T Howard
Elementary School: Springdale Park
School District: Springdale Park - Midtown

Listed By / Shown By

Listed By

Agency Name: Bull Realty, Inc.
Agency Phone: 404-876-1640

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: FMLS

Estimate Your Payment

Estimated Payment

$ 13,147.99 per month $7,177.45 Principal & Interest $5,029.92 Property Tax $940.63 Homeowner's Insurance

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