Contacts

Andy Lundsberg

Bull Realty

Property Details

Property Type Multi-Family
Property Size 14,616 SF
Units 40
Lot Size 0.67 Acre
Additional Rent Contact for pricing
Year Built 1960
Year Renovated 2022
Date Updated Nov 12, 2024

Atlanta, GABull Realty is pleased to present this opportunity to purchase this newly renovated, award winning affordable multifamily property in Atlanta’s popular up and coming Westside, also known as 12 Hundred Studios. What started as a blighted 20-unit apartment building has transformed into a vibrant affordable housing solution with rents restricted to 60% of the area median income. A first of its kind, the current owners pioneered the idea of converting this old, tired, crime ridden apartment complex into 40 highly-efficient fully furnished affordable housing options for the local community, thus drastically improving the neighborhood and immediate area. So much so that they were awarded the Atlanta Regional Commission Regional Excellence Award in 2023 for “Innovative Development” and the Costar Community Impact Award for “Best New Multifamily Development in Atlanta”. For more information on both of these awards and the ribbon cutting ceremony with the Atlanta Mayor, please refer to page 14 of this offering. These fully-furnished luxurious studios feature state-of-the-art appliances, designer furnishings, in-unit laundry and European style bathrooms, along with shared balconies/patios for all units. The exterior of the property also went through a major transformation with vibrant new murals painted by local well-known muralists and improved security with gated access throughout. Not only is the property located just steps from the future Westside BeltLine Trail and across the street from future planned greenspace, but also offers quick and easy access to MARTA and downtown Atlanta within minutes.

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Highlights

40 highly-efficient affordable multifamily units located in Atlanta’s Westside
Recently gut renovated (2021-22) throughout with all new electrical, plumbing, mechanicals, roofs, windows, doors, interiors, etc.
Fully-furnished units with murphy beds, fully equipped kitchenettes and washer-dryer combo in all units
All units feature large shared exterior balconies or patio space
Property has off-street parking with gated/secured access
Conveniently located just minutes from Downtown Atlanta and Atlanta University Center
Walking distance to Ashby MARTA rail station with easy access to MARTA bus service
Nearby amenities include the future Westside BeltLine Trail (1 block away) and future greenspace/park across the street
Sale subject to a non-governmental Land Use Restrictive Agreement (LURA). See page 5 for more details

Getting around

41/100
Walk Score ®
52/100
Transit Score ®
37/100
Bike Score ®

Powered by Walk Score ®

City Atlanta, GA
Neighborhood Hunter Hills
Zip Code 30314
Market Atlanta

Points of Interest

Ashby

0.68 miles
Bankhead

0.71 miles
West Lake

1.22 miles
Vine City

1.37 miles
GWCC/CNN Center

1.74 miles
West End

1.96 miles
Centennial Olympic Park

2.02 miles
Garnett

2.02 miles
Luckie at Cone

2.12 miles
Carnegie at Spring

2.15 miles

Mobil

0.73 miles
Texaco

0.74 miles
Exxon

0.75 miles
Shell

0.94 miles
BP

1.25 miles
Chevron

1.55 miles
76 Gas Express

1.55 miles
Blink

2.25 miles
Tesla Supercharger

2.79 miles
eVgo

2.82 miles

Ashby Park & Ride

0.61 miles
West Lake Park & Ride

1.25 miles
Morehouse Parking Deck

1.35 miles
Vine City Park & Ride

1.39 miles
Rosie's Coffee Café Parking

1.51 miles
76 Gas Express Parking

1.55 miles
Northside Plaza Leasing Office Parking

1.56 miles
E Parking Deck

1.58 miles
Dat Fire Jerk Chicken Parking

1.60 miles
Paschal's Restaurant Parking

1.60 miles

Signia by Hilton Atlanta Georgia World Congress Center

1.50 miles
Clarion Inn & Suites Atlanta Downtown

1.64 miles
REVERB by Hard Rock

1.70 miles
Hyatt House Atlanta/Downtown

1.72 miles
Hyatt Place Atlanta/Centennial Park

1.78 miles
Hilton Garden Inn Park Pavilion

1.79 miles
SpringHill Suites Atlanta Downtown

1.85 miles
Omni Atlanta Hotel at CNN Center

1.86 miles
Embassy Suites

1.86 miles
Bellyard, Atlanta, a Tribute Portfolio Hotel

1.87 miles

Walmart Supercenter

0.88 miles
Westview Corner Grocery

1.45 miles
Kroger

1.73 miles
Big Bear Supermarket

1.84 miles
Downtown Mini Mall

2.12 miles
The Hub at Peachtree Center

2.33 miles
Publix

2.53 miles
Target

2.66 miles
Whole Foods Market

2.77 miles
Colony Square

3.07 miles

In-Depth Research Available for this Property

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