Multi-Family•Low-Rise/Garden•For Sale

Metropolitan Gardens

470 Bolton Rd NW, Atlanta, Georgia 30331

Sale Price Market
Zoning RG3
Year Built 1966
Year Renovated 2020
Stories 2
Vacancy 37%
Gross Bldg 89,328 SqFt
Land Area 5.82 Acres
Project Size 100
Market Atlanta
Exclusively offered by LEVEL; Metropolitan Gardens is an 11-building gated apartment community comprising of 100 two-story garden townhome-style units nestled on 5.82 acres in a federally designated Qualified Opportunity Zone. All 11 buildings are full brick structures with decorative stack stone facade and pitched composition shingle roofs. Although the community was originally built in 1966, it has and is still undergoing extensive renovations throughout 2019. The gut renovation improvements carried out in the community include but are not limited to the following; new roofs, windows, doors, insulation, drywall, flooring, cabinets, countertops, kitchens, bathrooms, fixtures, fittings, plumbing, electrical, appliances, and HVAC systems- leaving the external shell as the only original structure from 1966. New stack stone features have been added to the original brick structure to give it a new refreshed and modern look. The community is effectively brand new as everything is being updated. External works like landscaping, newly paved parking lot, and sidewalks are also included. There is a huge undeveloped lot available within the community that can be developed by a prospective buyer into a community center, park, walking trail, or for other suitable purposes. The quality of the upgrades made to this community is excellent. The new Metropolitan Gardens Community has helped to transform and revitalize the entire neighborhood. The work to improve this community is ongoing and continues to this day. INSTRUCTIONS: Metropolitan Gardens is being offered unpriced with a Call for Offers during a two-week period. All offers to be considered will need to be presented to Adrian Provost by the end of the period. Interested bidders are required to tour the property prior to an offer submission. Every offer will need to include the Buyer's wherewithal of being able to execute a successful transaction (Verifiable POF + Investor Profile). REQUIREMENTS: Prospective purchasers are required to visit the subject property prior to submitting offers. All property tours must be arranged with Adrian Provost or one of his Investment Sales Advisors. Please do not disturb/contact any of the tenants or property management without prior written approval by an authorized party. Metropolitan Gardens represents a rare opportunity to acquire an Atlanta apartment asset with minimal maintenance costs located in an Opportunity Zone with phenomenal proximity to highways and interstates, airports (Hartsfield-Jackson International Airport & Fulton County Airport), major economic demand drivers, public transportation, large-scale employers (less than 3 miles from new UPS Super Regional Hub), colleges and universities, and tons of entertainment (Six Flags, Downtown Atlanta, etc).
  • Transitioning submarket with strong fundamentals.
  • A higher-quality product than competitive properties in the submarket.
  • Design, layout, and finishes are extremely appealing to a variety of potential tenants.
  • The location offers convenient commuting to major metropolitan employment hubs and entertainment destinations.
  • Located approximately 3 miles from new 1.2 Million square foot UPS Super Hub
  • Asset situated in Fulton Industrial's path of progress.
2/24/2020 11:23:27 PM 3/25/2020 9:53:28 PM
Adrian Provost
Executive Managing Director
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