3632 E Main StreetCollege Park, GA 30337

Description

INVESTOR OPPORTUNITY in Historic COLLEGE PARK — College Park Flats is a 5-unit multifamily asset offered at $130,000 per unit, providing an opportunity to acquire an apartment property in an established Atlanta-area submarket. The current rent roll consists of four 1-bedroom units renting at $1,020, $995, $995, and $995 per month, plus one 2-bedroom unit renting at $1,150 per month, generating $5,155 in current monthly rental income, or $61,860 annually. The property features separately metered electric, public water/sewer, six parking spaces, and a two-story building originally constructed in 1940 and renovated in 2025. Investors can add rental-rate growth, exterior improvements, on-site laundry, and parking-area enhancements. Conveniently located near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, Gateway Center Arena, and major transportation corridors. An opportunity to acquire, improve, and operate a 5-unit multifamily asset with multiple avenues for potential income growth. Contact the listing broker for financials, due diligence materials, and showing instructions.

Property Information

Property type

Commercial Sale

Sub-type

Business

Year built

1940

Lot size

0.20 acres

Lot dimensions

8096

Parking spaces

6

Zoning

R3

Days on market

25

MLS^® Listing#

7834914

Property Features

Cooling

Ceiling Fan(s) · Ductless · Multi Units · Window Unit(s)

Heating

Ductless

Basement

Finished · Full · Walk-Out Access

Parking

Parking Lot

Fencing

None

Construction

Other

Foundation

Combination

Roof

Other

Other structures

None

Utilities

Electricity Available · Sewer Available · Water Available

Water source

Public

Financial Details

HOA

None

Annual taxes

$6,186Tax year 2024

Parcel number

14 016100030169

Directions

From Downtown Atlanta, take I-85 South to Exit 73 (Virginia Ave). Turn right onto Virginia Ave and continue west toward Historic College Park. Continue through the Virginia Ave corridor, then turn left onto Lee St. Proceed approximately 2 blocks and turn right onto Hawthorne Ave. Continue approximately 3 blocks to Main St and turn left. Continue south on Main St; property will be on the left at 3632 E Main St, near downtown College Park and City Hall. GPS recommended for final approach.