UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 7683935
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $7,426
Tax Year 2025
Lot Size 0.702 Acres
Acres 0.7025
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Exceptional investment potential in the Dixie Hills neighborhood, offering convenient access to nearby parks, I-20, and Downtown Atlanta. The current owner has made no efforts to increase rents or lease remaining vacancies in anticipation of a sale, leaving substantial upside on the table.
Average in-place rents are only $800 per unit, well below market. This is not a cap-rate sale — the property is approximately 90% occupied and being sold strictly as-is, representing a true value-add opportunity based on future performance rather than current income.
20 units feature 2-bed/1-bath floor plans in classic condition. An existing studio room with a full bathroom (currently used by maintenance) brings the total to 21 units. Each unit includes central HVAC, in-unit laundry connections, and separately metered electric and gas; water is master-metered.
The property enjoys easy access to I-20, Downtown Atlanta, and the West End. Notably, a $75.5 million bond was issued last year for the redevelopment project directly across the street — a strong signal of area revitalization and investor confidence. Comparable renovated units across the street rent for around $1,600 ($1500 if subsidized) per month, underscoring the significant rent growth potential.
This is your chance to acquire a proven cash-flow opportunity in one of Atlanta's fastest-growing submarkets. Attractive financing is available.
Location
State GA
County Fulton
Area Dixie Hills
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Window Features None
Exterior
Parking Features Detached
Fence Chain Link
Community Features Near Beltline, Near Public Transport, Near Trails/Greenway, Park
Utilities Available Electricity Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View City, Other
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick
Construction Status Resale
Schools
Elementary Schools Bazoline E. Usher/Collier Heights
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
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