1174 Lucile AVE SW, Atlanta, GA 30310
$949,000
Est. payment /mo
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0.51 Acres Lot
Price Dropped by $26K

1174 Lucile AVE SW Atlanta, GA 30310

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Sherry Ajluni

Sherry Ajluni

+1(678) 283-1710

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Westview

MLS Listing ID 7858184

Construction Status Resale

HOA Y/N No

Year Built 1970

Annual Tax Amount $11,706

Tax Year 2025

Lot Size 0.513 Acres

Acres 0.5132

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

INVESTOR OPPORTUNITY | 8-UNIT MULTIFAMILY | HISTORIC WEST END | SIGNIFICANT VALUE-ADD POTENTIAL!

Discover an exceptional investment opportunity at 1174 Lucile Avenue SW, an eight-unit multifamily property located in Atlanta's desirable Historic West End neighborhood. This two-story brick building offers approximately 7,352 square feet and features eight spacious two-bedroom, one-bathroom units situated on an expansive approximately 0.51-acre lot.

SIGNIFICANT VALUE-ADD OPPORTUNITY! With substantial renovation and repositioning potential, this property presents an opportunity for the next owner to reimagine and transform the asset into a desirable multifamily investment. Through strategic renovations, lease-up of vacant units, rental adjustments, and operational improvements, investors have the potential to increase rental revenue, maximize occupancy, and significantly improve the property's net operating income (NOI). The property is approved to accept housing vouchers through the Atlanta Housing Authority, providing an additional potential leasing strategy for future ownership. Contact the listing agent Kesha Williams for the offering memorandum.

The property also benefits from access to a private on-site parking area, providing added convenience for future residents. Its generous lot size and established multifamily configuration offer an attractive foundation for investors seeking to implement a comprehensive renovation and stabilization strategy. Additional income-generating potential! The property features a basement area that presents an opportunity for the next owner to install a shared on-site laundry facility, subject to necessary improvements and approvals. This amenity will enhance tenant convenience while creating an additional revenue stream.

Ideally situated near the Atlanta BeltLine's Westside Trail, West End MARTA Station, Atlanta University Center, and ongoing redevelopment throughout the West End corridor, the property offers convenient access to Downtown Atlanta, major employment centers, dining, shopping, and entertainment.

Whether you're expanding an existing multifamily portfolio or seeking a redevelopment and repositioning opportunity in one of Atlanta's evolving urban neighborhoods, 1174 Lucile Avenue SW offers a compelling combination of location, scale, renovation potential, and long-term investment upside.

NOTE: Available for individual purchase or as part of a larger 19-unit multifamily portfolio consisting of three properties in Southwest Atlanta.

Location

State GA

County Fulton

Area Westview

Lake Name None

Interior

Heating Central

Cooling Central Air

Flooring None

Window Features None

Exterior

Parking Features Parking Lot

Fence Chain Link

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Neighborhood

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Private

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

Construction Status Resale

Schools

Elementary Schools Tuskegee Airman Global Academy

Middle Schools Herman J. Russell West End Academy

High Schools Fulton - Other

Others

Senior Community no

Special Circumstances None

First Multiple Listing Service(FMLS)
Listed by Compass

NEARBY SCHOOL & BUSINESS

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Sherry Ajluni

Sherry Ajluni

Team Leader License ID: 289349

+1(678) 283-1710

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1174 Lucile AVE SW

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