GA > College Park > College Park
College Park, GA 30337,1701 Hawthorne AVE
College Park, GA 30337,1701 Hawthorne AVE
College Park, GA 30337,1701 Hawthorne AVE
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David Dowdell

David Dowdell

+1(678) 300-5809
$2,500,000
Est. payment /mo
0.87 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

Subdivision College Park

MLS Listing ID 10609458

HOA Y/N No

Year Built 1972

Annual Tax Amount $13,742

Tax Year 2024

Lot Size 0.872 Acres

Acres 0.872

Lot Dimensions 37984.32

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Exceptional 16-unit apartment building in the heart of College Park, just steps from the prestigious Woodward Academy, downtown College Park, shopping, and only minutes to Hartsfield-Jackson International Airport. This fully renovated property offers a rare 7-8% cap rate and immediate cash flow with over $261,000 in annual income. The community features 12 spacious 2-bed/1-bath units and 4 well-designed studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, fiber-optic wiring, and a crawl space foundation that reduces upkeep expenses. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.

Location

State GA

County Fulton

Rooms

Basement None

Interior

Heating Central, Heat Pump

Cooling Central Air, Heat Pump

Fireplace No

Laundry In Unit

Exterior

Parking Features Assigned

Garage Spaces 27.0

Community Features Near Public Transport, Walk To Schools, Near Shopping, Sidewalks, Street Lights

Utilities Available Other

View Y/N No

Total Parking Spaces 27

Garage No

Private Pool No

Building

Faces Head south on Main St toward Harvard Ave. Turn left at the 1st cross street onto Harvard Ave. Turn left onto E Main St. Turn right onto Hawthorne Ave.

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Schools

Elementary Schools Parklane

Middle Schools Paul D West

High Schools Tri Cities

Others

HOA Fee Include None

Tax ID 14 015900140665

Special Listing Condition Resale

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David Dowdell

David Dowdell

+1(678) 300-5809

Agent | License ID: 259183

Agent License ID: 259183

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