Five Oaks Apartments
Closed711 Argonne Avenue, Atlanta, GA 30308
Property type
Multifamily
Unit / Space count
10
Price
$820,000
Building size
6,633 sf
Rentable area
6,633 SF
Year built
1960
Year renovated
Occupancy
Zoning code
Lot size
0.21 Acres
Sold/status
Sold · Date unknown
Sale price
$820000
Bedroom count
Property description
711 Argonne Avenue is a 10-unit apartment building located in the heart of Atlanta's most desirable neighborhood: Midtown. The property has seven of the ten units completely renovated with further upside through renovating the remaining three units. The apartment building is walking distance to some of Atlanta's best restaurants, shopping, Piedmont Park, Ponce City Market and the Atlanta Beltline. 711 Argonne's sought after location and walkability coupled with the area's extreme rental demand indicates significant upside in rental rates for a prospective buyer.
Property highlights
- Walking distance to restaurants, shopping, Piedmont Park, Ponce City Market and the Atlanta Beltline
- Very desirable Midtown Atlanta location
- Low market vacancy
- Renovations include hardwood floors, kitchen & bathroom upgrades, plumbing and electrical upgrades
- Upside through management efficiencies and rents