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3300 College Street, Atlanta, GA, 30337

3300 College Street

$2,000,000

Key Information

Cap Rate
6.44%
$ per SF
$119
Tot. SF
16,720
Lot Size
0.88 Acres
$ per unit
$90,909
Units
22
Year Built
1960
Type
Apartments
NOI
$128,828

Highlights

• Assumable In Place Fannie Mae Financing: Ability to assume attractive in place agency debt at 3.73% that goes through 2032
• Favorable Property Condition: Around 90% of the water heaters are now new, almost all have new flooring & reglazed bathrooms, all vinyl windows less than 10 years old, repainted fire escapes and new electrical breakers
• Significant Rental Upside: Ability to update the unit interiors to capture a minimum of 20% rental upside based on the comparable properties in the area
• Stable Operations: Occupancy consistently stays at or around 100% occupancy with minimal bad debt.
• Prime Rental Market: Minutes from Hartsfield-Jackson Atlanta International Airport, one of the largest employment hubs in the entire Southeast with 63,000+ employees.
• Located in the Historic College Park district of Fulton County, Georgia, an established and walkable Atlanta neighborhood
• Convenient access to Interstate 85, Interstate 285, and MARTA rail service via the College Park Station, approximately 1.4 miles away
• Positioned near Camp Creek Marketplace, anchored by Target, Lowe’s, Publix, and TJ Maxx, along with a variety of restaurants and service-oriented retailers, and within walking distance of College Park’s Main Street dining and entertainment corridor
• Accessible to Woodward Academy, one of the nation’s largest independent schools, along with College Park Elementary, Woodland Middle, and Tri-Cities High School

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305