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Apartment Property
Amberwood Apartments | 53 Units, from Scott K.  Spalding
Email: Scott K. Spalding
(404) 876-1640 ext. 156

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Amberwood Apartments | 53 Units Price: $2,100,000.00
874 King Road, Riverdale, Georgia
Bull Realty is pleased to present the opportunity to acquire Amberwood Apartments, an eight building apartment complex consisting of 53 units in Riverdale, Georgia. The property has rent growth potential for near term as rent comps in the area are currently higher than the subject property.

Amberwood Apartments is newly renovated with over $575,000 in capital improvements including new roofs, HVAC, and interior and exterior updates. The community has been converted over to 100% electric. The property is brick veneer construction consisting of 96,420 square feet situated on a 4.90 acre tract.

The 53 unit complex features (52) 2-bedroom 1.5-bath units with office and a complementary courtesy officer’s unit that can be rented. All units are comprised of a living room, dining area and kitchen.
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Regal Pines, from Scott K.  Spalding
Email: Scott K. Spalding
(404) 876-1640 ext. 156

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Regal Pines Price: $2,100,000.00
1365 Conley Road, Conley, Georgia
Bull Realty is pleased to present the opportunity to acquire Regal Pines Apartments, a six building, 72 unit apartment complex in Conley, Georgia. Regal Pines Apartments is a 100% electric and gated community. Property is conveniently located 5 miles from the Hartsfield-Jackson International Airport. The property features 72 units, each with 2 bedrooms and 1 bathroom. The property is currently under renovation and 24 units have been completely renovated with new electrical, plumbing, roof, HVAC, water heaters, windows, kitchen cabinets, granite countertops in kitchen & bathroom, tiled showers and vinyl flooring. These 24 units are individually sub metered for water and sewer and have a fire sprinkler system.

The property has 48 units that would require some level of renovation. A value-add opportunity for new ownership as these new units could command increased rents once stabilized due to their current lower than market rental rates
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BACK UP CONTRACT AVAILABLE | Renovated Intown 10 Unit Multifamily Opportunity, from Andy Lundsberg
Email: Andy Lundsberg
(404) 876-1640 ext. 107

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BACK UP CONTRACT AVAILABLE | Renovated Intown 10 Unit Multifamily Opportunity Price: $1,600,000.00
214 Randolph Street, Atlanta, Georgia
BACK UP CONTRACT AVAILABLE

Recently renovated, this centrally located intown 10 unit apartment complex features all new kitchens and baths with granite counter tops, upgraded electric, plumbing, roofs, windows, HVAC, parking lot and more. The property consists of 8 one bedroom and 2 two bedroom units with off street parking for all units.

Located between Old Fourth Ward (O4W) and Inman Park, the property is in the heart of two of the city's hottest neighborhoods. Both neighborhoods are a hub for young professionals looking to take advantage of popular restaurants, walkability, proximity to jobs and the lively culture.
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SOLD & CLOSED | Multi-Family Investment Property | 7 Units, from Andy Lundsberg
Email: Andy Lundsberg
(404) 876-1640 ext. 107

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SOLD & CLOSED | Multi-Family Investment Property | 7 Units  
740 Barnett Street, Atlanta, Georgia
SOLD & CLOSED

Rare opportunity and pride of ownership in this vintage 1930’s era 7 unit boutique apartment building. Excellent location in the popular Virginia Highland neighborhood of Atlanta, just a few blocks from Ponce City Market and the Atlanta Beltline Path. The property was recently renovated with all units in excellent condition. All units have central HVAC and laundry with off street parking in the rear. A new polystyrene roof was installed in 2015. Attractive assumable financing available.

Property has an assumable loan that must be assumed at closing. (Please see Andy Lundsberg for details).

Unit Mix:
Four- 2 bed/1 bath units with balconies
Two- large 1 bed/ 1 bath units with balconies
One- 1 bed/1 bath garden unit with small patio
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UNDER CONTRACT | Carlton Ford Apartment Complex | Fulton County | 32 Units | 8 Buildings, from Scott K.  Spalding
Email: Scott K. Spalding
(404) 876-1640 ext. 156

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UNDER CONTRACT | Carlton Ford Apartment Complex | Fulton County | 32 Units | 8 Buildings Price: $1,300,000.00
607 Little Bear Drive, Palmetto, Georgia
UNDER CONTRACT

Opportunity to acquire a 32 unit complex at an 8.5% cap on existing income with upside potential. A rent survey on page 12 shows the rents for this property may be $50-$150 below market.

This apartment complex is well located & is further illustrated by the waiting list of potential tenants.

The 2 bedroom units are separately metered for utilities and individually deeded into 8 quadruplexes for flexible exit strategies.

Each residence has 2 bedrooms with 1 bath & features the following:
  • Eat-in Kitchen
  • Stove
  • Dishwasher
  • Refrigerator
  • Separate Living Room
  • Laundry Room
  • Spacious Closets
  • Individually Metered for Water, Gas, Electric

    Please do not disturb existing tenants.
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    SOLD & CLOSED | 4 Buildings | 32 units, from Andy Lundsberg
    Email: Andy Lundsberg
    (404) 876-1640 ext. 107

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    SOLD & CLOSED | 4 Buildings | 32 units  
    640 Glendale Place, Smyrna, Georgia
    SOLD & CLOSED

    This multifamily value add opportunity is composed of 4 buildings with 32 Units totaling 29,538 SF in the Cumberland/ Galleria submarket. The property was approximately 90% occupied at time of sale. The buyer plans to renovate and re-tenant it.
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    Dahlridge Condominiums, from Scott K.  Spalding
    Email: Scott K. Spalding
    (404) 876-1640 ext. 156

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    Dahlridge Condominiums Price: $1,250,000.00
    1400 Flat Shoals Road, Atlanta, Georgia
    Dahlridge Condominums offers a unique opportunity for the value add investor. Built in 1977, the community is 100% electric and features four spacious floor plans each consisting of 1,509 square feet. The property consists of (11) 2-bedroom 2-bath units, (7) 2-bedroom 2-bath units with a fireplace, (19) 3-bedroom 2-bath units, and (11) 3-bedroom 2-bath units with a fireplace. Each unit has a two-car carport and a private patio to escape into a peaceful setting.

    The property has upside value potential from a purchaser interested in deploying some capital improvements to the asset such as general interior updating and exterior landscaping. Some of the value-add plays include stabilizing the asset, which is currently 62% occupied, and increasing the rents, which are currently at $0.48 per square foot in a market where the average rent in $0.69 per square foot.

    This property is a value-add proposition for a new owner. Value recognized due to the possibility of better property management and the subsequent expense reductions resulting in increased net operating income and cash-on-cash returns. Each unit is individually deeded offering several strategies such as operating as apartments, condos or some combination depending on the new owner’s long term goals and/or exit strategy.
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    Virginia-Highland 9 Unit Apartment Building, from Daniel Latshaw, CCIM, MBA
    Email: Daniel Latshaw, CCIM, MBA
    (404) 876-1640 ext. 127

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    Virginia-Highland 9 Unit Apartment Building Price: $899,000.00
    1031 Virginia Avenue NE, Atlanta, Georgia
    This 9 unit multifamily opportunity is located in heart of one of Atlanta's hottest neighborhoods, Virginia-Highland. Zoned R4, the property has been grandfathered by the City of Atlanta to legally operate 9 units. Comprised of 7 attached predominately studio apartments and 2 detached studio units in the rear, only one unit has been recently renovated.

    Sold “as-is” and in need of repairs, the opportunity exists to renovate and reposition, bringing rental income up to market. The property currently relies on window AC units and a central boiler for heat. It also has only one electrical meter, breaker box, water meter and water heater. With the largest of the units currently available, this could be an ideal situation for an owner-occupant to take advantage of today’s low interest rates.

    Due to its phenomenal location and smaller units, this property may alternatively either be a candidate for solid Airbnb income, or even be converted to a grand single family home given the skyrocketing neighborhood home values.

    Property tours by appointment only. Please do not disturb tenants.

    Property Highlights:
  • 9 unit, legal non-conforming multifamily structure
  • Zoned R-4
  • Located in heart of Virginia Highland
  • Opportunity to renovate and re-lease units bringing rents up to market
  • Potential for owner-occupant, Airbnb or single family home conversion
  • Window A/C units and central boiler for heat
  • One electrical meter, breaker box, water meter and water heater
  • New roof in May 2016
  • Walking distance to popular businesses
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    CALL FOR OFFERS - 8 Unit Apartment Complex in Desirable Gwinnett County, from Darrell Chapman
    Email: Darrell Chapman
    (404) 876-1640 ext. 114

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    CALL FOR OFFERS - 8 Unit Apartment Complex in Desirable Gwinnett County  
    650 Allen Street, Buford, Georgia
    For confidentiality agreement, due diligence items and to make an offer, please access deal room here. Owner will make a selling decision before April 15th, 2017.

    This newly renovated 8 unit apartment complex is located in the highly desirable city of Buford, Georgia. It is comprised of 2 buildings (six units in one, two in the other) made up of seven 2 bedroom units and one 1 bedroom unit.

    Historically, the property has high occupancy rates and was completely renovated in 2012/13. The property also has a coin-operated laundromat that provides additional cash income for the owner.

    Along with plenty of shopping and dining in the area, the property is adjacent to the new 45 acre Home South Residential Development which will be under construction in early 2017, and is located in a top ranked Buford school district.

    Property Highlights
  • Newly renovated 8 unit apartment complex
  • Seven 2 bedroom units / one 1 bedroom unit
  • Coin laundry on site for additional cash income
  • Excellent occupancy history
  • Estimated NOI for 2017 = $47,000.00
  • Top ranked Buford school district
  • Adjacent to the new 45 acre Home South Residential Development

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    Retail and Apartment Space (+/- 5,920 sq ft), from Craig Caldwell
    Email: Craig Caldwell
    (404) 876-1640 ext. 123

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    Retail and Apartment Space (+/- 5,920 sq ft) Price: $385,000.00
    122 Public Square, Adairsville, Georgia
    Beautiful turn-of-the-century (circa 1905) historic building on town square of Adairsville, Georgia. Property is situated in a great location and is now becoming a northern suburb of Atlanta. The building was built in 1905 and renovated in 2004 with renovations including: new HVAC systems, new plumbing, new electrical and new insulation.

    This is a great opportunity for an investor or owner-user. Building consists of retail space and four (4) apartments. Retail space is approximately 2,960 sq ft and has 14’+ ceilings, original 100-year old wooden floors, stylish, commercial track lighting and numerous electrical outlets.

    Highlights:
  • Fully leased building
  • Currently Four (4) rented income producing apartments located above retail space
  • Perfect for retail or office
  • New roof - 2014
  • New insulated doors and windows installed in 2014
  • Narrow walled patio in the rear
  • ADA unisex bathroom
  • 4 rented apartments +/- 700 sq ft/each
  • Converted to apartments in 2004 with all new HVAC, plumbing, electrical, appliances, Washer/Dryer hook-ups and separate electrical meters.

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    Not all properties are available online. For a complete list, call (404) 876-1640 or contact us now.

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