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+14048764901
HomeSmart
1185 Lucile Sw Avenue, Atlanta, GA 30310
- $979,000
- List Price
- $979,000
- MLS#
- 7858198
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.2399
- Subdivision
- Westview
Property Description
INVESTOR OPPORTUNITY | IMMEDIATE CASH FLOW | 8-UNIT MULTIFAMILY | HISTORIC WEST END! Discover an exceptional investment opportunity at 1185 Lucile Avenue SW, an eight-unit multifamily property located in Atlanta's desirable Historic West End neighborhood. This two-story brick building offers approximately 7,288 square feet and features eight spacious two-bedroom, one-bathroom units, complemented by a private on-site parking lot. Immediate cash flow with significant upside! Five of the eight units are currently occupied, with tenants paying below-market rents, providing an existing income stream and an opportunity for the next owner to reimagine and reposition the property. Through strategic renovations, lease-up of vacant units, rental adjustments, and operational improvements, investors have the potential to increase rental revenue and improve the property's net operating income (NOI). The property is approved to accept housing vouchers through the Atlanta Housing Authority, providing an additional potential leasing strategy for future ownership. Contact the listing agent Kesha Williams for the offering memorandum and rent roll. Ideally situated near the Atlanta BeltLine's Westside Trail, West End MARTA Station, Atlanta University Center, and ongoing redevelopment throughout the West End corridor, the property offers convenient access to Downtown Atlanta, major employment centers, dining, shopping, and entertainment. Whether you're expanding an existing multifamily portfolio or seeking a value-add investment in one of Atlanta's evolving urban neighborhoods, 1185 Lucile Avenue SW offers a compelling combination of immediate cash flow, below-market rents, private parking, additional income potential, and long-term investment upside. NOTE: Available for individual purchase or as part of a larger 19-unit multifamily portfolio consisting of three properties in Southwest Atlanta.
Additional Information
- Stories
- Two
- Construction
- Brick 4 Sides
- Year Built
- 1973
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- x
- Parking
- Parking Lot
- Lot Desc
- Private
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- M. A. Jones
- Middle School
- Herman J. Russell West End Academy
- High School
- Booker T. Washington
- Acres
- 0.24
- Dock
- None
- Levels
- Two
- Taxes
- $11,706
Listing courtesy of Compass.
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