2129 Martin Luther King Junior Drive Southwest

Atlanta, GA 30310

$3,800,000
Price
—
Beds
29,296 Sq. Ft.
$130 / Sq. Ft.
29,296
Sq. Ft.
$130
per Sq. Ft.

Description

Investment opportunity awaits with this well-maintained, 36-unit apartment complex situated in the heart of Atlanta's bustling Westside. Located just minutes from downtown, this property offers easy access to major highways, public transportation, and the Atlanta BeltLine. Each of the 36 units features spacious floor plans, modern appliances, and desirable amenities, making it a highly attractive option for renters. The building is fully leased, generating steady rental income with room for potential...Investment opportunity awaits with this well-maintained, 36-unit apartment complex situated in the heart of Atlanta's bustling Westside. Located just minutes from downtown, this property offers easy access to major highways, public transportation, and the Atlanta BeltLine. Each of the 36 units features spacious floor plans, modern appliances, and desirable amenities, making it a highly attractive option for renters. The building is fully leased, generating steady rental income with room for potential rent increases in the growing neighborhood. This area is undergoing significant revitalization, offering great upside for investors. Key Features: This is a special delimiter sentence. This is a special delimiter sentence - 36 units with a mix of 1-bedroom and 2-bedroom floor plans - On-site parking for residents - Laundry facilities on-site - Recently updated common areas and exterior - Proximity to popular areas like West End, Mercedes-Benz Stadium, and Morehouse College - Easy access to I-20 and public transportation - Huge potential for rental income growth in this high-demand area This property is ideal for investors seeking a turn-key rental portfolio or those looking to reposition and add value. Don't miss out on this rare opportunity to own a multi-family asset in one of Atlanta's most dynamic neighborhoods.
  1. Listed by Allison Ambrose • ARG Realty & Property Management

Property Details for 2129 Martin Luther King Junior Drive Southwest

Num Of Parking Spaces
0
Parking Features
Parking Lot
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 11/19/2024 08:40 PM

Property Details for 2129 Martin Luther King Junior Drive Southwest

StatusActive
MLS #7488098
Days on Market36
Taxes$54,113 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1960
Lot Size1.27 AC / 55,321 SF
CountyFulton County

Building Information for 2129 Martin Luther King Junior Drive Southwest

Stories2Residences-Year Built1960Lot Size1.27 AC / 55,321 SF

Property Information for 2129 Martin Luther King Junior Drive Southwest

Summary
Location and General Information
  • Directions: USE GPS
  • Lake Name: None
  • Recommended Zoning: Multi Family
  • View: Other
  • Coordinates: -84.457527, 33.750596
Taxes and HOA Information
  • Tax Year: 2023
  • Association: No
  • Block: 0
  • Tax Legal Description: x
  • Tax Lot: 0
Interior and Exterior Features
Interior Features
  • Cooling: Window Unit(s)
  • Heating: Electric, Other
  • Basement: None
  • Flooring: Laminate, Other
  • Interior Features: Other
  • Levels/Stories: Two
  • Other Equipment: None
  • Window Features: None
  • Ceiling Height: 0.0
  • Foundation: Slab
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick, Brick 4 Sides
  • Fencing: None
  • Loading Desc: None
  • Road Surface Type: Asphalt
  • Roof Type: Other
  • Security Features: Carbon Monoxide Detector(s)
  • Pool Private: No
  • Numberof Entrances: 0
  • Road Frontage Type: City Street
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer, Other
  • Utilities: Electricity Available
  • Water Source: Public
  • Electric: 110 Volts
Property and Assessments
  • Business Type: Residential
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Square Footage: 29296.0
  • Land lot: 0
  • Lot Features: Level, Private
  • Acreage Source: Estimated
  • # Of Buildings: 0.0
  • Lot Size Dimensions: X
  • Waterfront Footage: 0.0
  • Current Zoning: Res
  • Road Front Feet: 0.0
Multi Family
Income & Expenses Information
  • Gross Annual Income: $315,000.00
  • N.O.I. $: $192,000.00
  • Annual Utilities $: $.00
  • Annual Expenses: $123,000.00
  • Gross Expenses: $.00
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 2129 Martin Luther King Junior Drive Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2129 Martin Luther King Junior Drive Southwest

Taxable ValueLand$144,000Additions$1,177,760Total$1,321,760
Tax Record2022$54,721 ($4,560 / month)
Home Facts
Baths4Total Finished SqFt11,872 SqFtAbove Grade Finished SqFt11,872 SqFtStories1Lot Size55,452 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRG3CountyFULTONAPN14 018000120249

Schools near 2129 Martin Luther King Junior Drive Southwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Peyton Forest Elementary School
PublicPK to 5

Young Middle School
Public6 to 8

Mays High School
Public9 to 12

KIPP Atlanta Collegiate
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2129 Martin Luther King Junior Drive Southwest is a mixed use property for sale in Atlanta, GA 30310. This property was listed for sale on November 15, 2024 by ARG Realty & Property Management, it's currently listed at $3,800,000. It has been on the market for a total of 36 days and was last sold on September 15, 2021. This listing's school district is Atlanta Public Schools. Nearby schools include Peyton Forest Elementary School, Young Middle School and Mays High School. 2129 Martin Luther King Junior Drive Southwest is a 0-bed, 0-bath, 29,296 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ARG Realty & Property Management, Allison Ambrose

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.