NOI of $51,419 with LOW EXPENSES in one of the hottest areas in the AMA, Candler Park Neighborhood! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini’s, La Fonda, El Gato, Candler Park Market and the Flying Biscuit. The property is also located near the Freedom Park Trail which leads to the BeltLine Trail, as well as Edgewood Shopping Center, L5P, and the hip Inman Park.  Originally built in 1910, this property includes four 1B/1BA apartments with original charm such as vintage hardwood floors, intricate trim molding, antique fireplaces and original casement windows, as well as a great backyard with a fire pit. The Home has ample parking including a driveway and a parking lot directly across the street. All current tenants in good standing and up to date on rent. Units are currently leased below market rates. With a few updates, units could be leased for $1,600/month or more, further increasing the NOI and future residual value. Time to make hay while the sun shines!!!

Property Features

  • Quadplex