20 Griffin St
Atlanta, GA 30314
Griffin Street Apartments · Immeuble residentiel Propriété À vendre · 13 Unités

This multifamily asset at 20 Griffin St offers investors a rare opportunity to acquire a renovated, strategically located 13-unit apartment complex in the heart of Atlanta’s dynamic Westside corridor. Encompassing two buildings with a combined 10,113 square feet on a 0.47-acre site, this value-add property is positioned near key demand drivers, including the Mercedes-Benz Stadium, Georgia World Congress Center, and Centennial Yards redevelopment. Built in 1961 and significantly renovated in 2022, the property blends updated features with substantial upside potential through continued operational improvements and rent optimization.
The location provides direct connectivity to Downtown Atlanta, with easy access to economic epicenters such as the Atlanta University Center and Centennial Olympic Park. Future developments like Westside Park further enhance the neighborhood’s appeal, creating long-term stability for investors seeking sustained appreciation and robust cash flow. Zoned SPI-19-SA1, the property currently generates a Net Operating Income of $100,265 with a pro forma potential approaching $192,000. Strong rental demand, driven by proximity to employment hubs and amenities, positions this property as a compelling acquisition in a rapidly appreciating submarket.