Income-Producing, 100-Unit Townhome Apartment Complex

3751 Martin Luther King Jr Drive SW, Atlanta, GA 30331

  • For Sale Determined By Market
  • Property Type Multi-Family
  • Property Size 89,328 SF
  • Units 100
  • Lot Size 5.82 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 145
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Renovated 2020
  • Date Updated Aug 29, 2023
Metropolitan Garden Townhomes is located in close proximity to the Fulton Industrial District, the largest business complex in the Atlanta region. The townhomes are also eight miles west of Atlanta’s central business district, which is easily accessible do to the property’s close proximity to interchange I-20 and I-285. With 15 Fortune 500 and 26 Fortune 1000 companies that call the region home and a highly skilled workforce of over 2.5M residents, the metro Atlanta area is a vibrant metropolis and attractive marketplace for investors.UPDATED BID DEADLINE: September 12 ON-SITE INSPECTIONS: By Appointment Only ALL QUALIFYING BIDS ARE REQUIRED TO BE AT OR ABOVE $13,800,000. 90% OCCUPIED I PRO-FORMA NOI: $873,000 U.S. Bankruptcy Court Eastern District of New York (Brooklyn) Bankruptcy Petition #: 1-22-42718 jmm | In re: Acorn Real Property Acquisition, Inc. ------------------------------------------------------------------------------------------------------------------------------------------- Metropolitan Garden Townhomes (MGT) is a stabilized, income-producing complex and represents an excellent opportunity to acquire a recently renovated, 100-unit, townhome-style apartment complex situated in a qualified Opportunity Zone. MGT is conveniently located close to fantastic employment opportunities for tenants, major interstates, colleges, large corporations and retail. This well-maintained complex consists of eleven, two-story buildings and features all two-bedroom, one-and-a-half-bathroom apartments with ample on-site parking in a secure, gated community. Units feature updated kitchens with dishwashers, in-unit washers and dryers, as well as updated bathrooms.
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Attachments

Highlights

  • Metropolitan Gardens is an 11-building, gated community comprised of 100 two-story garden townhouse-style units
  • Each unit features a 2-bedroom layout – 1st floor with half bath & 2nd floor with bedrooms & full bath
  • Extensive renovations completed in 2020 include: new roofs, windows, doors, flooring, kitchens, bathrooms, HVAC systems, plumbing & more
  • Excellent access to I-20 & I-285
  • Close proximity to major employment centers & commercial districts
  • Atlanta’s CBD is only 8 miles east
  • Easy conversion to a townhome condominium complex, allowing the units to be sold individually

Location

Getting Around

  • Walk Score ®

    40/100 Car-Dependent

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    22/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Old Gordon
  • Zip Code 30331
  • Market Atlanta

Points of Interest

  • Hamilton E. Holmes

    2.50 miles

  • West Lake

    3.89 miles

  • Bankhead

    4.74 miles

  • Ashby

    5.43 miles

  • West End

    5.98 miles

  • Oakland City

    6.01 miles

  • Vine City

    6.19 miles

  • GWCC/CNN Center

    6.56 miles

  • Lakewood/Fort McPherson

    6.58 miles

  • Garnett

    6.72 miles

  • BP

    1.06 miles

  • Chevron

    1.09 miles

  • QuikTrip

    1.79 miles

  • RaceTrac

    1.79 miles

  • Shell

    1.81 miles

  • Petro

    2.06 miles

  • eVgo

    5.36 miles

  • Volta

    6.03 miles

  • Blink

    6.33 miles

  • Tesla Supercharger

    6.83 miles

  • H. E. Holmes Park & Ride

    2.41 miles

  • Teacher's Parking Lot

    2.56 miles

  • Parking Lot

    2.70 miles

  • West Lake Park & Ride

    3.92 miles

  • Barge Road Park & Ride

    5.34 miles

  • Ashby Park & Ride

    5.34 miles

  • Thornton Road Park & Ride

    5.47 miles

  • Mableton Park & Ride

    5.52 miles

  • Quality Inn & Suites Near Six Flags East

    0.42 miles

  • Airway Motel

    0.58 miles

  • Budgetel Atlanta

    0.61 miles

  • Armada Inn

    0.85 miles

  • Fulton Inn Motor Hotel

    0.85 miles

  • Howard Johnson Atlanta Near Six Flags

    0.97 miles

  • A2C Budget Hotel

    0.99 miles

  • Super Inn

    1.27 miles

  • Red Roof Inn Atlanta - Six Flags

    1.34 miles

  • Econo Lodge At Six Flags

    2.32 miles

  • Wendy's

    0.54 miles

  • KFC

    0.59 miles

  • Taco Bell

    0.59 miles

  • McDonald's

    0.74 miles

  • Popeyes

    1.12 miles

  • Domino's

    1.13 miles

  • Waffle House

    1.15 miles

  • Burger King

    1.80 miles

  • Deshi Masala Grill and Cafe

    1.80 miles

  • Birds of Prey Cafe

    2.09 miles

  • George A Towns Elementary School

    0.76 miles

  • Harper-Archer Elementary School

    0.78 miles

  • Adamsville Elementary School

    0.81 miles

  • Imhotep Academy

    0.83 miles

  • Margaret Fain Elementary School

    1.04 miles

  • Usher-Collier Heights Elementary School

    1.10 miles

  • Lenora P Miles Elementary School

    1.10 miles

  • Atlanta Youth Development Center

    1.76 miles

  • Alfred Blalock Elementary School

    2.03 miles

  • Peyton Forest Elementary School

    2.20 miles

  • Angel's Academy

    6.07 miles

  • Paly 2 Grow

    6.29 miles

  • The Children's Campus @ Georgia Tech

    6.68 miles

  • Carol's Daughter Learning Center

    6.91 miles

  • Childcare Center

    7.30 miles

  • Sunbrook Academy

    7.36 miles

  • Oxford Babies

    8.01 miles

  • Primrose School

    8.19 miles

  • Childcare Network

    8.48 miles

  • Innovators Trilingual Academy

    8.55 miles

Frequently Asked Questions

How much does Income-Producing, 100-Unit Townhome Apartment Complex cost?

The sale price for Income-Producing, 100-Unit Townhome Apartment Complex is available upon request. Contact the listing broker for more information.

What is the total square footage of Income-Producing, 100-Unit Townhome Apartment Complex?

Income-Producing, 100-Unit Townhome Apartment Complex totals 89,328 square feet.

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