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Multi-Family Apartment Building in Georgia

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Listing Information

Attachments

Multi-Family Apartment Building in Georgia



Price: $13,800,000.00


Other Item Info
Item #: nyebke_501561
Created: 04/20/2023
Category: Real Property > Commercial > Multi-tenant Residential Property
Sale Date: Wed. May 10, 2023
Seller Info
Richard S Feinsilver
Debtor's Attorney
Suite 125
Carle Place, NY 11514
(516) 873-6330
Bankruptcy Info
Case #: 1:22-bk-42718
Case Title: Acorn Real Property Acquisition, Inc.
Court: New York Eastern Bankruptcy Court
Chapter: 11
View Case Docket

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Real Estate Location

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

Description

Sale of multi-family apartment building located in Atlanta, Georgia. Metropolitan Garden Townhomes (MGT) is an 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 washer and dryers, as well as updated bathrooms.

Features:

  • Property Type: Apartment/Multifamily
  • No. Units: 100
  • Building Size: 94,000 SF
  • Lot Size: 5.82 AC
  • Year Built: 1966

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on June 7, 2022 at 10:00 a.m.
  3. Bid Deposit: 10% of the purchase price
  4. Bid Deadline: May 8, 2023
  5. Last date to respond: May 31, 2023


Other Information

Terms and Conditions:

See Attached.


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