Presented By:
a a a a a a
Priced at $1,445,000 ($6.13/sf) 235,900 sq. ft. 28 Buildings, 280 Units Total 14.33 Acres (+ / - ) Spread Out in Neighborhood 11% CAP Rate (Proforma)
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
table of Contents
Property Overview................................................................... 3 Property Summary................................................................... 4 Property Photos........................................................................ 5 Property Parcel Map................................................................ 6 Property Area Maps................................................................ 7
Contents
The information in this packet is believed to be accurate but is not guaranteed. You will have to verify all information yourself.
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
ProPertY DesCriPtion
Property Overview
investment Highlights
a Potential Income of $1,975,200 Anually ($164,600 per month) a 11% CAP Rate a 28 Buildings, 14.33 Acres +/a 280 Units (est.) a 63 one bedroom / 1 bath units (525 SF) a 120 two bedroom / one bath units (700 SF) a 97 three bedroom / one bath units (1,225 SF)
Located in Atlanta, this 280-unit apartment community is spread out in 28 brick buildings on 14.33 acres. The property has an ideal unit mix that includes 63 one-bedroom / one bath units, 120 two-bedroom / one bath units and 97 three bedroom / one bath units. The one bedroom apartments are 525 square feet. The two-bedroom units are 700 square feet, and the three-bedroom apartments are 1,225 square feet. Hidden Village consists of 28 brick buildings that contain 235,900 total square feet. The four-sided brick buildings are in fair to average condition. The interiors are in need full rehab.
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
ProPertY DesCriPtion
Property summary
Property Address:
Assessors Parcel Numbers: ProPertY DesCriPtion Total Number of Units 1 Bedroom / 1 Bath (525 SF) 2 Bedroom / 1 Bath (700 SF) 3 Bedroom / 1 Bath (1,225 SF) Number of Buildings Number of Stories Year Built Total Acres Square Feet Total Parcel Size Type of Ownership Parking Description Zoning Typography UtiLities Water Phone Electric Gas ConstrUCtion Foundation Framing Exterior Parking Surface Roof
280 (est.) 63 120 97 28 2 1957 14.33 (+ / -) 235,900 (est.) Fee Simple On-Street and Parking Lot RG3 Rolling and Flat Each unit is separately metered for gas and electricity. Landlord pays for water.
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
ProPertY DesCriPtion
Property Photos
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
Maps - Parcel
ProPertY DesCriPtion
*Red lines DO NOT denote property lines, the lines only represent building locations
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
Atlanta, GA
Maps - Area
Jay Glatting, LIT Property Services | 514-B Flat Shoals Avenue, Atlanta GA 30316 Office: 404-881-8888 | Direct: 404-891-0171 | jglatting@livingintown.com | www.livingintown.com
ProPertY DesCriPtion