1701 Hawthorne Avenue, Atlanta, GA 30337
- $2,595,000
- List Price
- $2,595,000
- Status
- ACTIVE
- Days on Market
- 10
- MLS#
- 7831622
- Subtype
- Residential Income
- Year Built
- 1972
- Lot Size
- 37,984
- Acres
- 0.87
- Subdivision
- College Park
- Neighborhood
- College Park
Property Description
Exceptional 16-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7–8% cap rate and immediate cash flow with over $258,000 in annual income. The community features 12 spacious 2-bed/1-bath units and 4 well-designed studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, fiber-optic wiring, and a crawl space foundation that reduces upkeep expenses. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.
Additional Information
- Taxes
- $13,742
- Flooring
- Carpet, Hardwood
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Wood Siding
- Stories
- One
- Levels
- One
- Roof
- Shingle
- Parking
- Driveway, Level Driveway, Parking Lot, See Remarks
- Elementary School
- Parkside
- Middle School
- Paul D. West
- High School
- Tri-Cities
- View
- Rural
Listing courtesy of Hardeman Real Estate LLC
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