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Lee Apartments 1701 Hawthorne Ave 16 Unit Apartment Building $3,489,800 CAD ($218,113 CAD/Unit) 7.15% Cap Rate College Park, GA 30337



INVESTMENT HIGHLIGHTS
- All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes.
- On Site Maintenance Shed
- Most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance.
- Proximity to Hartfield Jackson international Airport and Woodward Academy
EXECUTIVE SUMMARY
Exceptional 16-unit apartment building in the heart of College Park, walking distance to downtown College Park, MARTA train stop, Woodward Academy private school, and the future $1.5 billion dollar Six West mixed use development. Only minutes to Atlanta's Hartsfield-Jackson International Airport. This fully renovated & occupied property offers immediate cash flow. The building features 12 spacious 2-bed/1-bath units and 4 studios. All units were fully upgraded in 2022 with quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. All windows and most water heaters and HVAC systems are also nearly new, providing long-term efficiency and reduced maintenance. Currently, every unit except the model is leased to high-quality tenants, as units rarely sit empty due to high demand for good apartments. The property includes 28 dedicated parking spaces, a large maintenance shed, and fiber-optic wiring. This is a turnkey, stabilized asset that combines modern renovations with a strong tenant base in a high-demand location. A prime opportunity for investors seeking reliable returns, strong appreciation potential, and cash flow from day one.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,489,800 CAD | Building Class | C |
| Price Per Unit | $218,113 CAD | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 14,582 SF |
| Cap Rate | 7.15% | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.06/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $3,489,800 CAD |
| Price Per Unit | $218,113 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 14,582 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | R3 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,326 CAD | - |
| 2+1 | 12 | $1,808 CAD | - |
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 14-0159-0014-066-5 | Total Assessment | $970,857 CAD (2025) |
| Land Assessment | $157,863 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $812,994 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-0159-0014-066-5
Land Assessment
$157,863 CAD (2025)
Improvements Assessment
$812,994 CAD (2025)
Total Assessment
$970,857 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Hardeman Real Estate
Lee Apartments | 1701 Hawthorne Ave
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