Multi-Family Apartment Building in Georgia
Listing Information
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Multi-Family Apartment Building in Georgia
Price: $13,800,000.00
Created: 04/20/2023
Category: Real Property > Commercial > Multi-tenant Residential Property
Sale Date: Wed. May 10, 2023
Debtor's Attorney
Suite 125
Carle Place, NY 11514
(516) 873-6330
Case Title: Acorn Real Property Acquisition, Inc.
Court: New York Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Real Estate Location
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
- Auction Time: 10:00 a.m.
- Sale Hearing Held on June 7, 2022 at 10:00 a.m.
- Bid Deposit: 10% of the purchase price
- Bid Deadline: May 8, 2023
- Last date to respond: May 31, 2023