Peachtree Hills Court
Closed370 Peachtree Hills Ave NE, Atlanta, GA 30305
Property type
Multifamily
Unit / Space count
32
Price
$6,400,000
Building size
37,942 sf
Rentable area
37,942 SF
Year built
1959
Year renovated
Occupancy
Zoning code
Lot size
1.13 Acres
Sold/status
Sold · Date unknown
Sale price
$6400000
Bedroom count
Property description
Peachtree Hills Court Apartments represent a unique opportunity to purchase a 32-unit value-add asset in one of Atlanta’s strongest locations. The property is located at 370 Peachtree Hills Avenue within walking distance to Lindbergh Marta Station. It is also within immediate proximity to the Buckhead Financial District, and less than 1 mile from I-75 and I-85. The apartments are made up of two buildings on 1.13 acres with green space and ample off-street parking. All 32 Units are large Two Bedroom One Bath units with open concept kitchens, washer and dryer connections, and patios or porches. Classic construction includes brick exteriors and pitched shingled roofs, with updated windows, plumbing, and electrical. While 10 of the kitchens have been upgraded to include granite countertops, there is a market-proven upside to updating bathrooms and appliance packages. An investor has an opportunity to step into existing cash flow with room to raise rents to levels well above $1,600 Per Month. Peachtree Hills Court Apartments represent an opportunity to purchase one of the best maintained classical assets in the area while still having value-add potential through minor cosmetic upgrades.
Property highlights
- Value-Add Asset in one of Atlanta's Strongest Locations
- Walking Distance to Lindbergh Marta Stations, Retail & Restaurants
- 10 out of 32 Units With Granite Countertops
- All Units Have Open Concept Kitchens, Washer/Dryer Connections & Patio/Porches
- $270 Rental Gap Between Avg Market Rents vs Peachtree Hills Court Effective Rents