1185 Lucile AVE SW Atlanta, GA 30310
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Westview
MLS Listing ID 7858198
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $11,706
Tax Year 2025
Lot Size 10,450 Sqft
Acres 0.2399
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Discover an exceptional investment opportunity at 1185 Lucile Avenue SW, an eight-unit multifamily property located in Atlanta's desirable Historic West End neighborhood. This two-story brick building offers approximately 7,288 square feet and features eight spacious two-bedroom, one-bathroom units, complemented by a private on-site parking lot.
Immediate cash flow with significant upside! Five of the eight units are currently occupied, with tenants paying below-market rents, providing an existing income stream and an opportunity for the next owner to reimagine and reposition the property. Through strategic renovations, lease-up of vacant units, rental adjustments, and operational improvements, investors have the potential to increase rental revenue and 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 and rent roll.
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 value-add investment in one of Atlanta's evolving urban neighborhoods, 1185 Lucile Avenue SW offers a compelling combination of immediate cash flow, below-market rents, private parking, additional income 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 Wood Frames
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 M. A. Jones
Middle Schools Herman J. Russell West End Academy
High Schools Booker T. Washington
Others
Senior Community no
Special Circumstances None
NEARBY SCHOOL & BUSINESS
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