1701 Hawthorne AVE Save Request In-Person Tour Request Virtual Tour
College Park,GA 30337
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status New
Purchase Type For Sale
Subdivision College Park
MLS Listing ID 10609458
Year Built 1972
Annual Tax Amount $13,742
Tax Year 2024
Lot Size 0.872 Acres
Property Sub-Type Multi Family
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 $261,000 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.
Location
State GA
County Fulton
Interior
Heating Central,Heat Pump
Cooling Central Air,Heat Pump
Laundry In Unit
Exterior
Parking Features Assigned
Garage Spaces 27.0
Community Features Near Public Transport,Walk To Schools,Near Shopping,Sidewalks,Street Lights
Utilities Available Other
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Schools
Elementary Schools Parklane
Middle Schools Paul D West
High Schools Tri Cities
Others
Special Listing Condition Resale