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.
Address
Open on Google Maps-
Address: 1701 Hawthorne Avenue, Atlanta, Georgia 30337
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City: Atlanta
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State/county: GA
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Zip/Postal Code: 30337
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Area: College Park
Details
Updated on September 4, 2026 at 11:43 am-
Property ID 7831622
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Price $2,595,000
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Land Area 0.872 m²
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Year Built 1972
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Property Type Other, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Shingle
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Utilities Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Central Air
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Heating Electric
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Flooring Carpet, Hardwood
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County Fulton - GA
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Property Type Residential Income
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Parking Driveway, Level Driveway, Parking Lot, See Remarks
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Elementary School Parkside
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Middle School Paul D. West
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High School Tri-Cities
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Community Features Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights
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Waterfront None
Mortgage Calculator
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Down Payment
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Property Tax
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Monthly HOA Fees
- Jason Tatum