969 Piedmont Avenue NE Atlanta, Georgia 30309
This property offers an investor the opportunity to purchase two stabilized properties in an unrivaled Midtown location. 969 and 971 Piedmont Ave NE are a quadraplex and a triplex (2 parcels) located just a few steps from Piedmont Park near the intersection of 10th and Piedmont. Several restaurants and shops, the Fox Theatre, the Midtown MARTA transit station, and the Midtown Financial District are all within walking distance. Tenants are drawn to the area because of its proximity to Georgia Tech, Georgia State University, The High Museum, SCAD, and other cultural institutions. Midtown has consistently been one of Metro Atlanta's strongest rental markets. Both properties have recently undergone renovations. All units have central HVAC, a dedicated laundry room, and rear dedicated/private surface parking. All units are currently 100% occupied, with long-term (one-year) leases generating substantial revenue. With the proper licenses and approvals, there is a lot of upside potential as an Airbnb property. Given the current underutilization of this A+ location, there is potential for future redevelopment with surrounding properties.