Active
550 Joseph E Lowery Boulevard NW
Atlanta GA, 30314
$935,000
Active
Residential
Built in 1960
THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts @ $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property's overall market appeal. Property being Sold "AS IS". THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!
7538395
MLSⓇ ID
March 10, 2025
Listed
March 12, 2025
Updated
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
Yes
Heating Description
Electric, Forced Air
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
Level
Roof
Composition, Shingle, Tar/Gravel
Sewer
Public Sewer
Security
Carbon Monoxide Detector(s)
Window
Double Pane Windows, Wood Frames
School Information
High School
Booker T. Washington
Elementary School
M. A. Jones
Other Property Details
Taxes
$5,971
Tax Frequency
Annually
Days on Market
2
Accessibility
None
Garage
No
Parking
Parking Lot, Paved
Parking Total
7
View
Yes
View Description
Other
County
Fulton - GA
Water Source
Public
Waterfront Features
None
Utilities
Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
3/11/2025 | Price change | $935,000 -6% |
Listed by Lawrence Leslie with Homesmart Realty Partners 404-419-1004
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Data last updated 4:17 PM UTC, 3/12/2025