297 Burbank Drive NW

Description

297 Burbank Dr NW offers a fully renovated, fully occupied ten-unit multifamily property positioned in one of Atlanta's most rapidly developing neighborhoods. The building includes six 1-bedroom, 1-bath units of approximately 500 square feet each and four 2-bedroom, 1-bath units of approximately 750 square feet. In 2021, the entire structure underwent a comprehensive renovation that included new framing, drywall, electrical, plumbing, HVAC systems, flooring, roof, and all appliances. Since completion, the property has been consistently and professionally maintained, providing a true turnkey investment with no deferred maintenance. Every unit is occupied with long-term, stable tenants, generating reliable cash flow. Current rents remain below market, offering clear upside potential for increases without requiring additional capital improvements. The strong tenant retention reflects both the quality of the renovation and the desirability of the location. The property sits in a prime in-town Atlanta corridor, minutes from Downtown, Georgia Tech, the Atlanta University Center, Mercedes-Benz Stadium, and major transportation routes including I-20 and I-75/85. It is also close to the Atlanta BeltLine and several neighborhood parks, adding to its appeal for residents seeking walkability and outdoor access. The surrounding area continues to experience significant redevelopment and investment, driving demand and long-term appreciation. This is an ideal moment to step into a stabilized, income-producing asset with built-in growth potential in one of Atlanta's most active development zones.