Matthews Logo

Navigation Menu

3781 MLK Jr Dr. SW, Atlanta, GA, 30331

3781 MLK Jr Dr Southwest
$3,150,000

Key Information

Cap Rate
6.35%
Proforma Cap
7.45%
GRM
7
$ per SF
$151
Tot. SF
20,750
Lot Size
1.65 Acres
$ per unit
$121,154
Units
26
Year Built
1966 / R 2021
Type
Apartments
NOI
$199,877

Highlights

  • Significant Capital Investment: Ownership invested over $1.3M on a full gut renovation with everything new on the building other than the exterior shell. This includes new framing, plumbing, electrical, windows, HVACs, water heaters, and full gut interior renovations.
  • Assumable Freddie Mac Financing: Current in place assumable agency financing with a 4.24% interest rate and over 6 years of remaining term.
  • Attractive Floorplans: All of the units are spacious two or three bedroom townhome style floorplans.
  • Washer/dryer connections: Every unit includes laundry hookup.
  • Gated Community With Security Features: Gated with control access and new video surveillance system.
  • Convenient Access to I-285 and I-20: Provides easy connectivity to Downtown, Hartsfield Jackson Airport, and all major employment corridors throughout West ATL.

Photos

Location

Agents

Broker of Record

Maxx Bauman

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