Ponce Student Suites
Closed551 Ponce De Leon Ave., Atlanta, GA 30308
Property type
Multifamily
Unit / Space count
56
Price
$3,350,000
Building size
18,500 sf
Rentable area
18,500 SF
Year built
1935
Year renovated
Occupancy
Zoning code
Lot size
0.57 Acres
Sold/status
Sold · Date unknown
Sale price
$3350000
Bedroom count
Property description
The Ponce Student Suites are located on Ponce de Leon Avenue adjacent to major economic catalysts including to the Atlanta Beltline and Ponce City Market. The property is ideally positioned on a major thoroughfare between Midtown and Old Fourth Ward, two of Atlanta’s strongest residential markets. Ponce Student Suites are located within a few miles of the campuses of over 80,000 students including Georgia State University, Emory University, Atlanta University Center, and Georgia Institute of Technology (Georgia Tech). Along with being located along public transit the property is within walking distance to top level shopping, restaurants and over One Million Square feet of existing and planned Class A office space. -Strong Rental Demand -Walking Distance to the Atlanta Beltline, Parks, Restaurants, Shopping, and Ponce City Market -Renovated in 2015 -Strong in Place Cash Flow with Additional Revenue Potential -High Density Land Use Surrounded By New Developments -Close Proximity to Multiple Large Universities
Property highlights
- Strong Rental Demand
- Walking Distance to the Atlanta Beltline, Parks, Restaurants, Shopping, and Ponce City Market
- Renovated in 2015
- Strong in Place Cash Flow with Additional Revenue Potential
- High Density Land Use Surrounded By New Developments
- Close Proximity to Multiple Large Universities