1701 Hawthorne AVE Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30337
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision College Park
MLS Listing ID 7640067
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $13,742
Tax Year 2024
Lot Size 0.872 Acres
Acres 0.872
Property Sub-Type Other
Source First Multiple Listing Service
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
Area College Park
Lake Name Other
Interior
Heating Electric
Cooling Central Air
Flooring Carpet,Hardwood
Window Features Insulated Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Public Transport,Near Schools,Near Shopping,Sidewalks,Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Rural
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Corner Lot
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
Construction Status Resale
Schools
Elementary Schools Parklane
Middle Schools Paul D. West
High Schools Tri-Cities
Others
Senior Community no
Tax ID 14 015900140665