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Multifamily

560 Morgan Street

560 Morgan St NE, Atlanta, GA 30308

Listing Price: Request For Offer

Number of Units
2

Investment Overview

Marcus & Millichap Atlanta is pleased to present 560 Morgan, a unique duplex built in 2003 with renovations in 2019. This asset is conveniently located in Old Fourth Ward, a growing and vibrant submarket in the Atlanta MSA. The subject property consists of two units totaling 3,362 SF. The property sits on approximately .21 acres and features lush grass, mature shade trees, and trimmed bushes. Walking distance to the Ponce City Market, Beltline, and Piedmont Park, the Subject is also minutes away from Midtown, Downtown, and Atlantic Station. Each tenant is responsible for all utilities, which keeps operating expenses extremely low. This modern property provides investors a stabilized asset with an opportunity to push rents in a booming submarket. Rent collection for this property is currently $11,250 per month.

Investment Highlights

  • PROVEN GROWTH IN SUBMARKET •8.31% estimated population growth in a 1-mileradius by 2027. •12% YOY submarket rent growth. STRONG RENT COLLECTIONS •100% Occupancy and $11, 250 Rent Collection per month
  • LOW OPERATING COSTS •Recently built property with $200k in renovations over the past 3 years. Additionally, tenants pay all utilities which keep operating expenses extremely low.
  • PREMIER LOCATION •Walking distance to several popular attractions including Ponce City Market, Beltline, and Piedmont Park. •Located near Georgia Tech, Georgia State, Emory, ATL Airport

Exclusively Listed By

Multifamily

560 Morgan Street

Investment Highlights

  • PROVEN GROWTH IN SUBMARKET •8.31% estimated population growth in a 1-mileradius by 2027. •12% YOY submarket rent growth. STRONG RENT COLLECTIONS •100% Occupancy and $11, 250 Rent Collection per month
  • LOW OPERATING COSTS •Recently built property with $200k in renovations over the past 3 years. Additionally, tenants pay all utilities which keep operating expenses extremely low.
  • PREMIER LOCATION •Walking distance to several popular attractions including Ponce City Market, Beltline, and Piedmont Park. •Located near Georgia Tech, Georgia State, Emory, ATL Airport

Investment Overview

Marcus & Millichap Atlanta is pleased to present 560 Morgan, a unique duplex built in 2003 with renovations in 2019. This asset is conveniently located in Old Fourth Ward, a growing and vibrant submarket in the Atlanta MSA. The subject property consists of two units totaling 3,362 SF. The property sits on approximately .21 acres and features lush grass, mature shade trees, and trimmed bushes. Walking distance to the Ponce City Market, Beltline, and Piedmont Park, the Subject is also minutes away from Midtown, Downtown, and Atlantic Station. Each tenant is responsible for all utilities, which keeps operating expenses extremely low. This modern property provides investors a stabilized asset with an opportunity to push rents in a booming submarket. Rent collection for this property is currently $11,250 per month.

Exclusively Listed By

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