2612 Steele AVE SW, Atlanta, GA 30315
2612 Steele AVE SW, Atlanta, GA 30315
2612 Steele AVE SW, Atlanta, GA 30315
2612 Steele AVE SW, Atlanta, GA 30315
2612 Steele AVE SW, Atlanta, GA 30315
2612 Steele AVE SW, Atlanta, GA 30315
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$ 5,900,000
Est. payment | /mo

5,218 Sqft Lot


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$ 5,900,000
Est. payment | /mo
Save

5,218 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Park South

MLS Listing ID 7847983

Construction Status Resale

HOA Y/N No

Year Built 1966

Annual Tax Amount $25,274

Tax Year 2025

Lot Size 5,218 Sqft

Acres 0.1198

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

Rare opportunity to acquire a 44-unit garden-style multifamily community in Atlanta's South Atlanta/Airport Corridor. Park South Apartments, located at 2612 Steele Avenue SW, offers investors an attractive value-add opportunity with significant capital improvements already completed and additional upside through continued renovations, lease-up, and operational stabilization.

The two-story community features 37 one-bedroom/one-bath and 7 two-bedroom/one-bath residences with surface parking and controlled access. 17 units have been renovated, providing a strong foundation for the next owner to complete the remaining renovation program and continue repositioning the asset. Recent capital improvements include roof replacements, exterior paint, landscaping, paving and striping, HVAC and water heater upgrades, and additional site improvements. The property has 70 parking spaces.

The property is 100% electric with central HVAC and individually metered electricity. Community amenities include gated access, ample on-site parking, and two laundry facilities. The property is also Section 8 approved, providing additional flexibility within Atlanta's strong workforce-housing market.

Strategically located minutes from Hartsfield-Jackson Atlanta International Airport with convenient access to I-75, I-85 and I-285, Park South benefits from proximity to major employment centers, Downtown Atlanta, Camp Creek Marketplace and the broader Airport/Aerotropolis corridor.

Property is being sold as-is. Please contact the listing broker for Offering Memorandum, rent roll, financial information and additional due diligence materials. Please do not disturb tenants.

Location

State GA

County Fulton

Area Park South

Lake Name None

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Tile

Window Features None

Exterior

Parking Features Parking Lot, Paved

Fence Fenced

Community Features Gated, Near Public Transport, Near Schools, Near Shopping

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility Accessible Closets, Accessible Kitchen Appliances

Handicap Access Accessible Closets, Accessible Kitchen Appliances

Total Parking Spaces 1

Private Pool false

Building

Lot Description Level, Partly Leased

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

Construction Status Resale

Schools

Elementary Schools Cleveland Avenue

Middle Schools Crawford Long

High Schools South Atlanta

Others

Senior Community no

Tax ID 14 006900060029

First Multiple Listing Service(FMLS)
Listed by Compass

Nearby Locations

Deborah Weiner
Deborah Weiner

Realtor-Owner

+1(678) 628-8865 | deborahweiner@northatlantahometeam.com

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2612 Steele AVE SW