Hawthorne Ave Apartments
16 units
Equity Multiple: 1.8-2x
Avg. Coc- 13.5%
Status: Accepting Investments
Discover an exceptional investment opportunity on College Park, GA. This fully renovated 16-unit apartment building offers immediate cash flow with a remarkable 13.5% Cash-on-Cash (CoC) yield. Strategically located near Hartsfield-Jackson International Airport and the $1.5 billion Six West development, this stabilized asset features modern 2022 upgrades, quartz countertops, and a high-demand tenant base in a rapidly growing submarket.
HAWTHORNE AVE INVESTMENT HIGHLIGHTS
RENOVATED AND STABILIZED ASSET – The property is a 16-unit apartment building that underwent extensive renovations in 2022. Upgrades include quartz countertops, stainless steel appliances, Nest thermostats, and modern finishes. With nearly new windows, water heaters, and HVAC systems, the property offers long-term efficiency and reduced maintenance for a new owner.
PRIME LOCATION NEAR Hartsfield-Jackson & SIX WEST – Strategically situated in the heart of College Park, the property is within walking distance of downtown, the MARTA train station, and Woodward Academy. It is also uniquely positioned near the future $1.5 billion “Six West” mixed-use development and only minutes from Atlanta’s Hartsfield-Jackson International Airport.
STRONG SUBMARKET DEMAND – There is high demand for quality multifamily housing in the College Park/South Fulton submarket, driven by its proximity to major employment hubs like the airport and the Aerotropolis region. Units at this location rarely sit empty, providing a reliable and steady cash flow from a high-quality tenant base.
LIMITED SUPPLY & RECENT DEVELOPMENT SLOWDOWN – Atlanta’s multifamily construction pipeline has hit a decade low, with new starts in inner-ring suburbs like College Park remaining limited. This lack of new competing supply, combined with the property’s turnkey condition, presents a significant opportunity for an investor to capitalize on tightening vacancy rates and projected rent growth in 2026.