1240 Oakland Drive, Atlanta GA

Multi-family for Sale - $2,000,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #968403
Location1240 Oakland Drive
Atlanta GA 30310
Last UpdatedNovember 9th, 2017
TypeMulti-family
Price$2,000,000

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Property Description

Bull Realty is pleased to present Oakland Park Townhomes, a 60-unit townhome community in the Oakland City/West End sub market of Atlanta. The property features 60 1-bedroom / 1-bathroom units. Each unit is +/-700 square feet and features charming hardwood floors. Each unit has the kitchen and living room located on the main level with the bedroom and bathroom on the second level. The property is currently 80% occupied, with 10 units that have been gutted and ready for renovation. The current rents of $475 are under market, and with the huge demand for 1 bedroom units, rents could be $650-$900 per month. Oakland Park Townhomes is located about 0.5 miles from Oakland City MARTA transit station and about 1.8 miles from Tyler Perry Studios. The neighborhood is currently experiencing a growth in new homeowners and is expected to continue expanding.

Location Description:

This property is located in Southwest Atlanta.

Highlights:

>> 60-unit townhome community

>> Two-level, 1-bedroom / 1-bathroom units

>> 10 units are renovation-ready

>> Situated in a growing Atlanta submarket

>> Current rent is below market

>> Located in close proximity to MARTA and Tyler Perry Studios

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