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Brookwood Park Condominiums 130 26th St NW 119 Unit Apartment Building $56,158,109 CAD ($471,917 CAD/Unit) Atlanta, GA 30309
Investment Highlights
- Located in a Barriers-to-Entry neighborhood and submarket. Outstanding Area Demographics - both renters and home owners with strong median incomes.
- Adjacent to the Atlanta Beltline Northwest spur trail. Bobby Jones Golf and Tennis facilities are 2 miles away.
- Attractive entry lobby with front Koi Pond and covered walk, concierge desk, management office, mail room, lower-level storage units and loading dock.
- Existing FAR allocation of +/-389,000 square feet of Residential Floor Area. Additional density could be achieved under the Atlanta Beltline Overlay.
- Existing Use is multi-family Condominiums (119) which could be converted to Rental Units. (50) 1BR Units, (62) 2BR Units, plus (7) assorted 1/2/3/4 BR
- Outdoor Pool and Dogwalk, Tennis Court, and Grill Patio as amenities.(78) covered parking spaces, with the balance are uncovered surface parking.
Executive Summary
Here's an opportunity to acquire one of Atlanta's most prominent and highly visible Multi-Family properties, located conveniently between the south Buckhead and north Midtown submarkets. Known as the Brookwood Park Condominiums, the asset benefits from prime exposure to Interstate 75 / Downtown Connector. The property is located a short distance from major employers such as Piedmont Hospital, Google, Georgia Tech University, Savannah College of Arts & Design (SCAD), and many others. A variety of retail, dining, and consumer goods are located a short distance away.
This is truly a terrific redevelopment opportunity, or a "renovate and hold" as a rental property / covered land play -- potential rental to existing homeowners converting to tenants, at "market rents". This exceptional property offers a unique opportunity to redevelop prime acreage in the heart of Atlanta. This distinct +/- 6.15 acres parcel is available for investment or redevelopment. Ideally situated between Buckhead and Midtown with unbeatable skyline views of Atlanta. This property sets a commanding presence on the Northside Beltline, close distance to Ardmore Park, Tanyard Creek Park, and Bobby Jones Golf and Tennis Club. Nestled away yet conveniently located with proximity to Peachtree Street seeing an average daily traffic count of 45,000 vehicles.
Brookwood Park has Immediate access to I-75/ I-85 and the downtown connector, situated nearby major thoroughfares and employment hubs. The future land use plan accounts for Medium Density Residential (MDR) zoning, allowing for potential value-add toward its highest and best use. With excellent access to the Midtown CBD area and premier retail of Buckhead, demand is high for residents seeking prime Intown living.
This property has 119 units, a central elevator and lobby, access off interior hallways, and main level amenities. Many units have been modernized and feature glass enclosed patios.
This is truly a terrific redevelopment opportunity, or a "renovate and hold" as a rental property / covered land play -- potential rental to existing homeowners converting to tenants, at "market rents". This exceptional property offers a unique opportunity to redevelop prime acreage in the heart of Atlanta. This distinct +/- 6.15 acres parcel is available for investment or redevelopment. Ideally situated between Buckhead and Midtown with unbeatable skyline views of Atlanta. This property sets a commanding presence on the Northside Beltline, close distance to Ardmore Park, Tanyard Creek Park, and Bobby Jones Golf and Tennis Club. Nestled away yet conveniently located with proximity to Peachtree Street seeing an average daily traffic count of 45,000 vehicles.
Brookwood Park has Immediate access to I-75/ I-85 and the downtown connector, situated nearby major thoroughfares and employment hubs. The future land use plan accounts for Medium Density Residential (MDR) zoning, allowing for potential value-add toward its highest and best use. With excellent access to the Midtown CBD area and premier retail of Buckhead, demand is high for residents seeking prime Intown living.
This property has 119 units, a central elevator and lobby, access off interior hallways, and main level amenities. Many units have been modernized and feature glass enclosed patios.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Freezer
Site Amenities
- Courtyard
- Pool
- Tennis Court
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 51 | - | 815 - 41,565 |
| 2+1 | 64 | - | 1,150 - 73,600 |
| 3+2 | 3 | - | 1,485 - 4,455 |
| 4+3 | 1 | - | 2,250 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $782,966 CAD | |
| Land Assessment | $174,442 CAD | Total Assessment | $957,407 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$174,442 CAD
Improvements Assessment
$782,966 CAD
Total Assessment
$957,407 CAD
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Brookwood Park Condominiums | 130 26th St NW
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