550 Joseph E Lowery Nw Boulevard, Atlanta, GA 30314

$760,000

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Sold Price
$760,000
List Price
$875,000
Closing Date
Mar 06, 2026
MLS#
7538395
Status
CLOSED
Type
Multifamily
Subtype
Other
Lot Size
0.396
Subdivision
Subdivision/Er Elliott Prop

Property Description

THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts @ $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property’s overall market appeal. Property being Sold “AS IS”. THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!

Additional Information

Stories
Two
Construction
Brick 4 Sides
Year Built
1960
Neighborhood Amenities
None
Roof
Composition, Shingle, Tar/Gravel
Lot Dimensions
x
Parking
Parking Lot, Paved
Lot Desc
Level
Water
Public
Sewer
Public Sewer
Elementary School
M. A. Jones
Middle School
Fulton - Other
High School
Booker T. Washington
Acres
0.40
Dock
None
Levels
Two
Taxes
$5,971

Listing courtesy of Homesmart Realty Partners. Selling Office: Engel & Volkers Atlanta.

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