550 Joseph E Lowery Boulevard NW
Atlanta, GA 30314
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1960 build
- – on site
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 at $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 overall market appeal. Property being Sold "AS/IS". THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!
Last checked:
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Last updated Mar 12, 2025
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MLS# 10476685 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1960
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Construction Materials:Block, Brick
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Structure Type:Multi Family (5+ Units)
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# of Units Total:7
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Foundation Details:Block, Slab
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Levels:Two
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Basement:None
Financial & Terms
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Possession:Negotiable
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Owner Pays:Garbage, Water
Location
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Latitude:33.769797
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Longitude:-84.417768
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot:6
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Lot Size Acres:0.396
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Lot Size Source:Public Records
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Parcel Number:14 011400031272
Listing Agent
- Contact info:
- Agent phone:
- (404) 419-1004
- Office phone:
- (404) 419-1004
Taxes
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Tax Year:2024
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Tax Annual Amount:$5,971
Heating & Cooling
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Heating:Electric, Forced Air
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Cooling:Central Air, Electric
Utilities
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Utilities:Electricity Individual Meters
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Jones
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Middle School:Other
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High School:Washington
The Community
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Subdivision:Subdivision/Er Elliott Prop
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Off Street, Side/Rear Entrance
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Parking Total:7
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/12/25
Mar 12, 2025
|
Listed / Active | GAMLS | $935,000 | |
11/18/24
Nov 18, 2024
|
Relisted | FMLS | ||
10/28/24
Oct 28, 2024
|
Pending | FMLS |