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Euclid Flats 1322 Euclid Ave NE 9 Unit Apartment Building $2,461,824 CAD ($273,536 CAD/Unit) 6.67% Cap Rate Atlanta, GA 30307
Investment Highlights
- Located in the heart of Candler Park, a walkable neighborhood with abundant dining, retail, and recreational amenities.
- Easy access to MARTA’s Blue and Green Lines, providing direct connectivity to downtown and the airport.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$235,925
|
$26.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$235,925
|
$26.57
|
| Taxes |
$40,275
|
$4.54
|
| Operating Expenses |
$36,632
|
$4.13
|
| Total Expenses |
$76,907
|
$8.66
|
| Net Operating Income |
$159,017
|
$17.91
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $235,925 |
| Annual Per SF | $26.57 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $235,925 |
| Annual Per SF | $26.57 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,275 |
| Annual Per SF | $4.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,632 |
| Annual Per SF | $4.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,907 |
| Annual Per SF | $8.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $159,017 |
| Annual Per SF | $17.91 |
Property Facts
| Price | $2,461,824 CAD | Building Class | C |
| Price Per Unit | $273,536 CAD | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 8,878 SF |
| Cap Rate | 6.67% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 3.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM100, Atlanta - Residential | ||
| Price | $2,461,824 CAD |
| Price Per Unit | $273,536 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 8,878 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 3.38/1,000 SF |
| Zoning | RM100, Atlanta - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Total Assessment | $102,431 CAD (2025) | |
| Land Assessment | $12,893 CAD (2025) | Annual Taxes | $40,275 CAD ($4.54 CAD/SF) |
| Improvements Assessment | $89,538 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$12,893 CAD (2025)
Improvements Assessment
$89,538 CAD (2025)
Total Assessment
$102,431 CAD (2025)
Annual Taxes
$40,275 CAD ($4.54 CAD/SF)
Tax Year
2024
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Euclid Flats | 1322 Euclid Ave NE
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