14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport

877 Virginia Ave, Atlanta, GA 30354

  • For Sale $1,850,000
  • Property Type Multi-Family
  • Property Size 9,800 SF
  • Units 14
  • Lot Size 0.49 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1960
  • Date Updated Nov 13, 2024
This property is located in Atlanta, Georgia.Rare opportunity to acquire a 14-unit value-add multifamily property in a prime, irreplaceable location. Situated on Virginia Avenue, this property is highly walkable to surrounding retail and restaurants, as well as key landmarks like the Delta Air Lines Headquarters, Delta Flight Museum, and downtown Hapeville. Additionally, a public bus stop is conveniently located right in front of the property. Just steps from Hartsfield-Jackson Atlanta International Airport, the property is ideally positioned to attract airport employees, Delta staff, and could even serve as a short-term rental for flight crews, pilots, or other travelers seeking close proximity to the airport. This highly visible corner parcel also presents an excellent future commercial redevelopment opportunity as the area continues to grow.

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Attachments

Highlights

  • 100% occupied, 14-unit multifamily opportunity in highly sought-after Hapeville area
  • All units are spacious 1 bed/1 bath flats in average condition, allowing for a cosmetic value-add opportunity as leases turnover
  • Large open courtyard amenity space at the front of the building
  • Off-street parking in the rear and side of the building
  • Most units have been upgraded to central HVAC, and all units have new windows
  • Roof replaced in 2019 with a 12 year warranty
  • New gutters installed
  • One main water heater for entire building, replaced in 2023
  • Onsite laundry room
  • Unique features: one unit with a private deck and another with a private enclosed sunroom and fenced patio
  • Additional storage room on the second floor that could be converted to a bedroom, creating a 2 bed/1 bath unit
  • All units feature eat-in kitchens and ample closet and storage space
  • Highly visible corner parcel with two points of ingress/egress
  • Excellent walkability to nearby restaurants and retail
  • MARTA bus stop located in front of the property
  • Close proximity to Delta Headquarters, Wells Fargo Headquarters, Porsche Headquarters, downtown Hapeville, and the Atlanta Airport
  • Convenient access to I-85, I-75, and I-285, all just minutes away

Contacts

broker

Andy Lundsberg

Bull Realty

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Zip Code 30354
  • Market Atlanta

Points of Interest

  • F Gates & International Terminal

    1.30 miles

  • E Gates

    1.35 miles

  • D Gates

    1.42 miles

  • C Gates

    1.51 miles

  • B Gates

    1.63 miles

  • A Gates

    1.75 miles

  • East Point

    1.79 miles

  • College Park

    1.84 miles

  • T Gates

    1.88 miles

  • Domestic Terminal

    1.95 miles

  • eVgo

    0.06 miles

  • Otter Citgo

    0.18 miles

  • ChargePoint

    0.50 miles

  • RaceTrac

    0.53 miles

  • Citgo

    0.77 miles

  • Chevron

    0.85 miles

  • Shell

    0.85 miles

  • Texaco

    1.16 miles

  • Electrify America

    1.42 miles

  • Murphy Express

    1.49 miles

  • Peachy Parking

    0.72 miles

  • Peachy Airport Parking

    0.73 miles

  • International Terminal Hourly Parking

    1.25 miles

  • Senior Lot

    1.31 miles

  • International Terminal Park-Ride

    1.39 miles

  • C.W. Grant Parkway Park & Ride

    1.61 miles

  • College Park Park & Ride

    1.75 miles

  • East Point Park & Ride

    1.77 miles

  • Terminal North Economy

    1.85 miles

  • Terminal North Hourly

    1.90 miles

  • Embassy Suites

    0.26 miles

  • Courtyard Atlanta Airport North/Virginia Avenue

    0.31 miles

  • Hilton Atlanta Airport

    0.38 miles

  • Residence Inn

    0.41 miles

  • Maison LaVigne

    0.51 miles

  • TownePlace Suites Atlanta Airport North

    0.57 miles

  • DoubleTree by Hilton Hotel Atlanta Airport

    0.58 miles

  • Staybridge Suites Atlanta Airport

    0.59 miles

  • La Quinta Inn & Suites

    0.61 miles

  • Econo Lodge

    0.88 miles

  • Skinny's

    0.03 miles

  • Pizza Hut

    0.03 miles

  • Schlotzsky's

    0.04 miles

  • Grub Fresh Bowls & Wraps

    0.05 miles

  • Wendy's

    0.05 miles

  • Grecian Gyro

    0.07 miles

  • Dunkin'

    0.07 miles

  • Your Pie

    0.08 miles

  • Waffle House

    0.08 miles

  • Moe's Southwest Grill

    0.08 miles

  • College Street School

    0.60 miles

  • North Avenue School

    0.61 miles

  • Hapeville Elementary School

    0.66 miles

  • Hapeville High School

    0.69 miles

  • Josephine Wells Elementary School

    0.73 miles

  • Saint Johns School

    1.16 miles

  • Woodward Academy

    1.29 miles

  • KIPP Charter School

    1.31 miles

  • Quillian-East Point Elementary School

    1.32 miles

  • South Fulton Junior High School

    1.32 miles

  • Childcare Center

    3.73 miles

  • Adult Day Care Center

    5.21 miles

  • Jeannette Cathy Children's Center

    5.58 miles

  • Carol's Daughter Learning Center

    6.36 miles

  • Primrose School

    6.58 miles

  • Freedom Park Preschool

    8.44 miles

  • Atlanta Montessori International School

    8.47 miles

  • The Children's Campus @ Georgia Tech

    8.65 miles

  • Arcadia Kids Club

    9.05 miles

  • YWCA

    9.20 miles

Frequently Asked Questions

How much does 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport cost?

The space currently listed for sale at 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport asks for $1,850,000.

What is the total square footage of 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport?

14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport totals 9,800 square feet.

When was this property built?

14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport was built in 1960.

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Contact Listing Broker

broker

Andy Lundsberg

Bull Realty