1964 North AVE NW Atlanta, GA 30318
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision North Avenue Nw
MLS Listing ID 7646650
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,305
Tax Year 2024
Lot Size 10,798 Sqft
Acres 0.2479
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Exceptional Investor Opportunity – Guaranteed Section 8 Income | 8.5% Cap Rate**
Rare chance to acquire a **TRUE 8.5% Cap Rate portfolio of 10 fully renovated homes (2022–2025)**, each with an **independent Tax ID**. All homes feature **2–4 bedrooms**, spacious living areas, updated kitchens with full appliance packages, modern baths, walk-in closets, **newer roofs and newer HVAC systems**, plus outdoor patios or decks. This portfolio is **100% Section 10 occupied**, ensuring **government-backed, reliable rental income** with reduced vacancy and collection risk. In today's Atlanta market, where most stabilized rental portfolios trade at **6–7% cap rates** (and even lower for new construction), this offering delivers **above-market returns with lower risk**. Properties are located in great areas **Grove Park, Atlanta BeltLine, Pittsburgh Yards, West End/Westview, and the new Atlanta Brewing development**, these homes sit squarely in the path of growth, surrounded by redevelopment, shops, and restaurants.
A rare, stabilized, and cash-flowing Section 8 portfolio offering investors **high yield + security** in one of Atlanta's fastest-growing submarkets.
Location
State GA
County Fulton
Area North Avenue Nw
Lake Name None
Interior
Heating Electric
Cooling Ceiling Fan(s), Central Air
Window Features None
Exterior
Parking Features Detached, Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story One and One Half
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Lap Siding
Construction Status Updated/Remodeled
Schools
Elementary Schools Woodson Park Academy
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 017500120154
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