Address
600 Parkway Drive NE, Atlanta, GA
Price
$ 3,500,000
Property Attributes
  • MLS#7386578
  • TypeMulti-Family
  • CountyFULTON
  • CityAtlanta
  • NeighborhoodOld Fourth Ward
  • Zip30308
  • Style
  • Year Built1930
  • Taxes$ 14609
  • Price$ 3,500,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Lot Size0.3444 Acres
Data Source:
First Multiple Listing Services (FMLS)
Property Description

Irreplaceable 12-unit asset situated between Ponce City Market and The Fox Theater. All units currently rented out, 10 of which were renovated. Easy Cash Flow with long term rental growth in this ideal intown location. MARTA, Restaurants, Shopping, Fourth Ward Park & so much more are just minutes away! 12 varying opportunities ranging from 1-3 bed and 1-2 bath, all currently hosting tenants. Perfect for residential investment, land play for possible future assemblage, high rise opportunity, or buy, hold, and wait for future land plan or redevelopment.

Elementary School Middle School High School
Hope-Hill Elementary School David T Howard Middle School Midtown High School
Price History
5/15/2024 Listed $3,500,000

General Features

Sewer Public Sewer
Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central Air
Utilities Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Possession Close Of Escrow
Roof Shingle
Security Features None
Construction Materials Brick 4 Sides
Year Built 1930
View Other
Levels Two
Property SubType Other
Tax Year 2023
Gross Income 296592
Waterfront Features No
Community Features None
Accessibility Accessible Entrance,Accessible Hallway(s)
County Fulton - GA
Net Operating Income 255258
Operating Expense 41334
Property Type Residential Income
HOA / Comm Assn No
Energy Efficient None
Subdivision Name Old Fourth Ward
Green Energy Generation None
Status Active
Directions Located on the traffic light corner of North Avenue and Parkway Drive or GPS. You can Park on Parkway Street or Turn into complex off of North Ave and park in back parking lot.
High School Midtown
City Atlanta
Body of Water None
NumberOfUnitsTotal 12
Elementary School Hope-Hill
Property Attached Y/N No
Tax Annual Amount 14609
Home Warranty Y/N No
Middle/Junior High School David T Howard
Property Condition Resale
Days on Market 2
Standard Status Active
Occupancy Type Tenant
Cap Rate 7
Legal Description N/A

Interior Features

Window Features None

Exterior Features

Fencing Fenced
Parking Features Parking Lot
Lot Features Level
Water Source Public
Lot Size Acres 0.3444
Lot Size Source Owner

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 30308

Statistics provided by Inside Real Estate

Price
AVG $1.72M
$3.5M
Taxes
AVG $9,764
$14,609
Visits
AVG 442
343
Data Provided by Inside Real Estate®
Year Built
AVG 1944
1930

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