1174 Lucile Ave SW, Atlanta, GA 30310

Description

INVESTOR OPPORTUNITY | 8-UNIT MULTIFAMILY | HISTORIC WEST END | SIGNIFICANT VALUE-ADD POTENTIAL!

Discover an exceptional investment opportunity at 1174 Lucile Avenue SW, an eight-unit multifamily property located in Atlanta's desirable Historic West End neighborhood. This two-story brick building offers approximately 7,352 square feet and features eight spacious two-bedroom, one-bathroom units situated on an expansive approximately 0.51-acre lot.

SIGNIFICANT VALUE-ADD OPPORTUNITY! With substantial renovation and repositioning potential, this property presents an opportunity for the next owner to reimagine and transform the asset into a desirable multifamily investment. Through strategic renovations, lease-up of vacant units, rental adjustments, and operational improvements, investors have the potential to increase rental revenue, maximize occupancy, and significantly improve the property's net operating income (NOI). The property is approved to accept housing vouchers through the Atlanta Housing Authority, providing an additional potential leasing strategy for future ownership. Contact the listing agent Kesha Williams for the offering memorandum.

The property also benefits from access to a private on-site parking area, providing added convenience for future residents. Its generous lot size and established multifamily configuration offer an attractive foundation for investors seeking to implement a comprehensive renovation and stabilization strategy. Additional income-generating potential! The property features a basement area that presents an opportunity for the next owner to install a shared on-site laundry facility, subject to necessary improvements and approvals. This amenity will enhance tenant convenience while creating an additional revenue stream.

Ideally situated near the Atlanta BeltLine's Westside Trail, West End MARTA Station, Atlanta University Center, and ongoing redevelopment throughout the West End corridor, the property offers convenient access to Downtown Atlanta, major employment centers, dining, shopping, and entertainment.

Whether you're expanding an existing multifamily portfolio or seeking a redevelopment and repositioning opportunity in one of Atlanta's evolving urban neighborhoods, 1174 Lucile Avenue SW offers a compelling combination of location, scale, renovation potential, and long-term investment upside.

NOTE: Available for individual purchase or as part of a larger 19-unit multifamily portfolio consisting of three properties in Southwest Atlanta.