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OTHER · For Sale

38 Fairburn RD SW, Atlanta Active

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Asking price
$1,950,000
Price / SF
$115.54
Cap rate
—
Sale type
—
Property type
OTHER
Property subtype
OTHER
Building class
—
Building size
16,878 sq ft
Year built
1966
NOI
—
Tenancy
—
Building height
—
Building FAR
—
Lot size
1.23 acres
Zoning
RG2
Frontage
182 ft
Listing #
EN-4570
MLS #
10812460

38 Fairburn Rd SW, Atlanta, GA 30331 - 20-Unit Multifamily Investment Opportunity. This 20-unit apartment community presents a compelling value-add opportunity in the Adamsville submarket of Southwest Atlanta. Built in 1966 and renovated in 1990, the property spans approximately 33,756 square feet on a 1.23-acre lot, with a uniform unit mix of 2-bedroom, 1-bathroom residences offering strong appeal to the area's steady rental demand. Priced at roughly $97,500 per unit and $58 per square foot, the asset offers an attractive basis for investors seeking to execute a renovation and repositioning strategy or add a stabilized asset to their portfolio. The property's consistent unit layout simplifies capital planning and rent-up execution across the entire building. Located minutes from downtown Atlanta with convenient access to major thoroughfares, the property benefits from proximity to employment centers, retail, and public transit, supporting long-term tenant demand. Southwest Atlanta continues to see renewed investor interest, driven by affordability relative to neighboring submarkets and ongoing infrastructure and development activity in the broader Atlanta metro. This is a rare opportunity to acquire a 20-unit asset at an accessible price point in a growing Atlanta submarket. Contact the listing agent for financials, due diligence materials, and showing instructions.

Location

GAMLS
Listed by Southern REO Associates, LLC
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10812460

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