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Taj Mahal Apartments for Sale in Forest
Park GA
514 Bridge Avenue
Forest Park, GA 30297
County: Clayton
Units: 48
Building: 40,800 sq ft
Occupancy: 10.00%
Price: $1,056,000
Price Per Unit: $22,000
Cap Rate: 13.36%
Year Built: 1966
Taj Mahal
offers a hands-on owner operator the opportunity to
fix up and stabilize an unoccupied apartment
community.
Click Here for Property Sales Flyer
Taj Mahal is
located near Forest Parkway and Old Dixie Highway in
Forest Park, GA. The property offers convenient
access to all Metro-Atlanta markets through nearby
I-75 and I-285. Taj Mahal is within walking distance
to retail markets and Forest Park City Park.
The City of Forest Park is redeveloping Fort Gillem
to better serve the community. It is the home to The
State Farmers Market, which is a distribution center
for the eastern seaboard and directly contributes $3
Billion to the economy. The Atlanta Exposition
Center and Southside Industrial Park are other
attractions to the area. Forest Park has an
abundance of industry and easy access to the CBD of
Atlanta.
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Convenient Location: near retail shopping, the
Atlanta Exposition Center, Southside Industrial
Park, Fort Gillem, and the State Farmers Market.
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Value-add Opportunity: Needs capital
improvements, but with repairs and renovation,
Taj Mahal will have a healthy cash flow upon
stablilzation.
Financial Summary Proforma
Scheduled Gross Income: $328,320
Effective Gross Income: $285,541
Operating Expenses: $132,449
Net Operating Income: $141,092
Unit
Mix Information
2 BR / 1 BA
No. Units: 48
SF: 770
Avg. Mo. Rent: $570
Contact: Jen Bradley at (404) 442-5600
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Apartment Investments
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Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
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