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778 NE Argonne Ave

4 Unit Apartment Building $2,107,020 CAD ($526,755 CAD/Unit) 5% Cap Rate Atlanta, GA 30308

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Investment Highlights

Boutique renovated apartment building located on Argonne Ave in the center of Midtown offers great value and large floor plans.
Hardwood floors, stainless steel appliances, garbage dispsal, dishwasher, microwave, washer/dryer.

This building is walking distance to Midtown shops and restaurants and Piedmont Park.

Executive Summary

Boutique renovated apartment building located on corner of Argonne Avenue and 5th Street, in the center of Midtown Atlanta offers great value and large floor plans. This building is walking distance to Ponce de Leon a thoroughfare for shopping and restaurants, and Piedmont Park.
Hardwood floors
10' Ceilings
Tiled bathrooms
Coded access entry
Off-street parking
Location
778 Argonne Ave Ne
Atlanta, GA 30306

778 Argonne Avenue Survey

778 Flyer October 2024

Financial Summary (Pro forma - 2024)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$155,779	$43.39
Other Income	$3,371	$0.94
Vacancy Loss	-	-
Effective Gross Income	$159,150	$44.33
Taxes	$23,177	$6.46
Operating Expenses	$30,201	$8.41
Total Expenses	$53,378	$14.87
Net Operating Income	$105,772	$29.46

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual	$155,779
Annual Per SF	$43.39

Other Income (CAD)
Annual	$3,371
Annual Per SF	$0.94

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$159,150
Annual Per SF	$44.33

Taxes (CAD)
Annual	$23,177
Annual Per SF	$6.46

Operating Expenses (CAD)
Annual	$30,201
Annual Per SF	$8.41

Total Expenses (CAD)
Annual	$53,378
Annual Per SF	$14.87

Net Operating Income (CAD)
Annual	$105,772
Annual Per SF	$29.46

Property Facts

Price	$2,107,020 CAD	Building Class	C
Price Per Unit	$526,755 CAD	Lot Size	0.11 AC
Sale Type	Investment	Building Size	3,590 SF
Cap Rate	5%	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1958/2020
Property Subtype	Apartment	Parking Ratio	1.11/1,000 SF
Apartment Style	Low Rise

Price	$2,107,020 CAD
Price Per Unit	$526,755 CAD
Sale Type	Investment
Cap Rate	5%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.11 AC
Building Size	3,590 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1958/2020
Parking Ratio	1.11/1,000 SF

Unit Amenities

Air Conditioning
Cable Ready
Dishwasher
Disposal
Microwave

Washer/Dryer
Washer/Dryer Hookup
Ceiling Fans
Granite Countertops
Hardwood Floors

High Speed Internet Access
Ice Maker
Stainless Steel Appliances
Walk-In Closets

Built-In Bookshelves
Double Pane Windows
Island Kitchen
Window Coverings

Site Amenities

Controlled Access

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	3	$3,161 CAD	700 - 850
2+1	1	$3,505 CAD	900

1 of 1

Walk Score ®

Very Walkable (89)

Bike Score ®

Very Bikeable (81)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	14-0049-0006-038-8	Total Assessment	$564,866 CAD (2023)
Land Assessment	$57,662 CAD (2023)	Annual Taxes	$23,177 CAD ($6.46 CAD/SF)
Improvements Assessment	$507,204 CAD (2023)	Tax Year	2024