Investment Overview

The MSJ Team of Marcus & Millichap presents an opportunity to purchase a portfolio of condominiums in The Century Lofts Building. The property is located at 505 Whitehall Street SW in Atlanta, GA. The Century building was built in 1920 as the first Atlanta Chevrolet dealership and went through an adaptive use conversion in 2000. The building was thoughtfully converted into 31 residential lofts and is now known as The Century Lofts. The portfolio is being marketed at a price of $4,699,000. The Century Lofts seamlessly blends the classic architectural charm of the 1920's with modern functionality. The offering includes 15 of the building’s 31 units, totaling 18,829 square feet out of the building's total 57,268 square feet. Of the 15 units included in the portfolio, 2 units received a premium upgrade adding a chef's kitchen and premium bathroom in 2023. The 15 units are spacious loft-style units that appeal to tenants looking for unique, flexible living spaces. The Century lofts is situated in the trendy arts area of Atlanta known as Castleberry Hill. Castleberry Hill is home to several art galleries and is within walking distance to Atlanta's acclaimed Centennial Yards redevelopment, 50-acre urban revitalization project touted as Atlanta's future epicenter of live, work, and play. The Century Lofts Building is well-positioned to provide steady rental income and long-term value appreciation.