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    $1,100,000

  • Under Contract | MLS#: 8448429

720 Penn Atlanta, GA 30308

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Listing provided courtesy of: Berkshire Hathaway HomeServices Georgia Properties

Overview

Fantastic 7 unit opportunity in the heart of Midtown! This great incoming producing property offers 7 units consisting of 1 bedrm and 1 bedroom studio apartments. Spacious building filled with charm and tons of original details. Alley access offers ample parking, skyline views and seconds from Piedmont Park. Walk to everything Midtown has to offer. Amazing upside potential so don't miss this great opportunity in one of the most sought after neighborhoods. 100% occupied. 5.3% Cap Rate!

General Features

  • Multi-family Type Other (See Remarks)
  • Tax Year 2016
  • Property Type Multifamily
  • Year Built 1920
  • Taxes 9509
  • Subdivision Midtown
  • County Fulton
  • Area ATN3

Building Features

  • Construction Status Resale
  • Construction Brick 4 Sided
  • Cooling Type Ceiling Fan, Window Units
  • Cooling Source Other (See Remarks)
  • Total Units 7
  • Stories Over 2 Stories
  • Special Conditions Investor Owned
  • Quadrant NE
  • Heating Type Forced Air
  • Heating Source Electric

Property Features

  • Annual Gross Expense 26000
  • Annual Gross Income 83700
  • Lot Dimensions 55x150
  • Water Sewer Public Water, Sewer Connected

Schools

  • Middle School Inman
  • Elementary School Springdale Park
  • High School Grady

Listing agent photo

Kenisha Robnett

602-881-8283RE/MAX Platinum Access-Commercial Division

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Price & Status History

Days on Market

  • This property has been listed on the market for 72 days

Location

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Listing agent photo

Kenisha Robnett

602-881-8283RE/MAX Platinum Access-Commercial Division

Ask A Question

Community Demographics for Zip Code 30308 (Atlanta)

Housing Occupancy
  • Home Owners: 3,725 (25%)
  • Renters: 8,072 (54%)
  • Vacant: 3,288 (22%)
  • Total Housing Units: 15,085
Households
  • Average Household Size: 1.51
  • Housing Density (People per square mile): 12,435
Age Range (number of people)
  • Age 0-14: 2,527
  • Age 15-24: 1,029
  • Age 25-39: 2,851
  • Age 40-59: 8,287
  • Age 60-79: 4,063
  • Age 80+: 1,015
  • Total: 19,772

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 30308 (Atlanta)

Public Schools in Zip Code 30308 (Atlanta)

* This list of schools may not match the property above.

C. W. HILL ELEMENTARY SCHOOL 386 PINE ST NE ATLANTA, GA 30308 Phone: 4048027150 PreK-5th
Grade Size Distribution
  • PreK: 9
  • Knd: 68
  • 1st: 47
  • 2nd: 50
  • 3rd: 46
  • 4th: 48
  • 5th: 43
School Population
  • Teachers: 26
  • Students per Teacher: 12.0
  • Students: 311
  • Male/Female: 149/160
School District
  • ATLANTA PUBLIC SCHOOLS
  • 130 TRINITY AVE S.W. ATLANTA, GA 30303
  • Phone: 4048023500
District Population
  • Schools: 114
  • Full-Time Teachers: 3764
  • Students per Teacher: 13
  • Staff: 6968
  • Students: 49032
EAST LAKE ELEMENTARY SCHOOL 145 4TH ST NE ATLANTA, GA 30308 Phone: 4048027900 PreK-5th
Grade Size Distribution
  • PreK: 20
  • Knd: 34
  • 1st: 35
  • 2nd: 25
  • 3rd: 39
  • 4th: 37
  • 5th: 45
School Population
  • Teachers: 19
  • Students per Teacher: 12.4
  • Students: 235
  • Male/Female: 116/118
School District
  • ATLANTA PUBLIC SCHOOLS
  • 130 TRINITY AVE S.W. ATLANTA, GA 30303
  • Phone: 4048023500
District Population
  • Schools: 114
  • Full-Time Teachers: 3764
  • Students per Teacher: 13
  • Staff: 6968
  • Students: 49032

* School data provided by US Department of Education


The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS real estate. Listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. Copyright 2018 Georgia MLS. All rights reserved.
Listing content provided by FMLS. Information deemed reliable but not guaranteed. © 2018 First Multiple Listing Service, Inc.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional