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Dunlap Royal Apartments 1944 Dunlap Ave 32 Unit Apartment Building $6,838,400 CAD ($213,700 CAD/Unit) East Point, GA 30344
Investment Highlights
- Below-market rents create immediate potential for increased income through rent adjustments
- Prime location near Hartsfield-Jackson Atlanta International Airport, attracting a steady tenant base
- Located in a revitalizing submarket benefiting from ongoing public and private investment
- Value-add upside through targeted renovations and improved property management
- Desirable proximity to Woodward Academy, one of the most prestigious private schools in the region
Executive Summary
Marcus & Millichap is pleased to present for sale Dunlap Royal Apartments. The property offers a compelling value-add investment opportunity in one of Atlanta’s most dynamic and evolving neighborhoods. The property benefits from below-market rents, providing substantial room for revenue growth through thoughtful renovations and improved operational management. Located just minutes from Hartsfield-Jackson Atlanta International Airport and directly adjacent to the esteemed Woodward Academy, the asset is ideally situated to attract stable, long-term tenants. With its combination of strong fundamentals, strategic positioning, and untapped potential, Dunlap Royal Apartments is well-suited for investors seeking both immediate upside and long-term value.
Property Facts
| Price | $6,838,400 CAD | Building Class | C |
| Price Per Unit | $213,700 CAD | Lot Size | 3.10 AC |
| Sale Type | Investment | Building Size | 58,735 SF |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $6,838,400 CAD |
| Price Per Unit | $213,700 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.10 AC |
| Building Size | 58,735 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 615 |
| 2+1 | 16 | - | 756 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,001,673 CAD | |
| Land Assessment | $792,881 CAD | Total Assessment | $1,794,555 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$792,881 CAD
Improvements Assessment
$1,001,673 CAD
Total Assessment
$1,794,555 CAD
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Dunlap Royal Apartments | 1944 Dunlap Ave
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