70 Spruce St., Atlanta, GA 30307

70 Spruce St., Atlanta, GA 30307
Photo 1 of 6
$2,985,000
Sold on 7/29/15
Beds Baths Sq. Ft. Taxes Built
0.00 0 $21,764 1962
On the market: 135 days
Doug Ferguson
(404) 458-1672
King Team (Atlanta Communities)
Email
View full details, 15 photos, school info, and price history
Excellent investment property in the heart of Inman Park, just 2 blocks from the new Krog Street Market and the Atlanta Beltline Trail. 100% occupied. All 2 bedroom/ 1 bath units. Central HVAC, newer plumbing, new exterior steal railings. 2015 projected cap rate is 6.87% with below market rents and a waiting list of prospective tenants. As leases expire, raise rents to market rates and property performs closer to an 8% cap.
Inman Park

Inman Park

View info, homes for sale, taxes, schools, and market trends in the neighborhood.

Neighborhood
Atlanta

Atlanta

View photos, info, homes for sale, taxes, schools, and market trends in the city.

City 2 photos
Listing courtesy of Andy Lundsberg, Bull Realty, Inc.