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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$1,800,000

Est. payment - /mo

0.88 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10712669

HOA Y/N No

Year Built 1963

Annual Tax Amount $17,445

Tax Year 2024

Lot Size 0.880 Acres

Acres 0.88

Lot Dimensions 38332.8

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Introducing a rare multifamily investment opportunity located in the highly desirable Chamblee submarket of Atlanta. Situated at 2400 Beverly Hill Dr, this 7,109 square foot apartment building features 8 fully occupied residential units, providing investors with a stable and reliable income-producing asset. Originally constructed in 1963 and renovated in 2017, the property blends classic mid-century construction with modern upgrades that appeal to today's renters. The building currently operates at 100% occupancy, generating consistent cash flow while offering investors the opportunity to capitalize on future rent growth in a rapidly developing area of Metro Atlanta. The property is zoned RM-75, creating a unique value-add and redevelopment opportunity. Based on the zoning and site configuration, the property has the potential to support the development of up to 24 apartment units, allowing investors or developers to significantly increase density and maximize the long-term value of the site. Located near major transportation routes such as Interstate 285 and Interstate 85, the property offers convenient access to Atlanta's key employment centers, retail districts, and lifestyle amenities. The surrounding area continues to benefit from strong residential demand and ongoing redevelopment activity. With its current income stream, full occupancy, and significant redevelopment potential, 2400 Beverly Hill Dr presents a compelling opportunity for investors seeking to expand their multifamily or low-rise/garden apartment portfolio. Whether maintained as a cash-flowing asset or redeveloped into a higher-density project, this property offers both immediate returns and long-term growth potential in one of Metro Atlanta's most active investment corridors.

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement None

Interior

Heating Heat Pump

Cooling Central Air

Fireplace No

Laundry Other

Exterior

Parking Features None

Garage Spaces 9.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 9

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Dresden

Middle Schools Sequoyah

High Schools Cross Keys

Others

HOA Fee Include None

Tax ID 18 280 03 004

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Resale

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Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

2400 N Beverly Hills DR Chamblee, GA 30341

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2400 N Beverly Hills DR

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