Investment Overview

Marcus & Millichap is pleased to offer for sale the multi-family property located at 3751 M.L.K. Jr Drive SW in Atlanta, GA. This 100-unit townhome community features modernized electrical, plumbing, and HVAC systems, as well as individually metered water and electricity, enhancing operational efficiency. The secure fated community offers a safe and appealing environment for tenants, while individually deeded units provide investors with flexible exit strategies. Additionally, the property features over 1 acres of undeveloped land, presenting opportunities to add more units or premium amenities to increase tenant satisfaction and revenue. Known as the "Gateway to the South," Atlanta is strategically positioned at the intersection of Interstates I-75, I-85, and I-20. Home to Hartsfield-Jackson Atlanta International Airport, the busiest airport in the world with over 104.6 million passengers annually, Atlanta serves as the economic and cultural capital of the Southeast, attracting job seekers and a growing population. With a metropolitan population exceeding six million and a city capacity of over half a million, Atlanta is one of the fastest-growing regions in the United States. Its relative affordability, with a median household income of $81,000 and a cost of living below the national average, appeals to a wide range of renters. Strong employment growth in sectors like technology, healthcare, and logistics, along with an influx of younger residents, ensures a dynamic tenant base. The rental market features low vacancy rates and rising prices, underscoring its stability. Emerging neighborhoods with development potential offer opportunities for investors to enter the market at competitive price points while benefitting from long-term appreciation. Situated along the bustling M.L.K. Jr Drive SW corridor, the property benefits from an area experiencing steady growth due to its proximity to downtown Atlanta, which is approximately seven miles away. This makes it an ideal location for professionals seeking affordable housing near the city's central business district. The neighborhood is well-served by public transportation, including MARTA bus routes, and offers seamless connectivity via major thoroughfares such as I-285 and I-20. Residents enjoy convenient access to a variety of amenities, including retail enters, grocery stores, and local dining establishments, catering to the needs of the community's diverse population.