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Reynoldstown Commons Apartments

1124 Wylie Street Southeast, Atlanta, GA, USA

Reynoldstown Commons Apartments represents a phenomenal opportunity for value add investment in a stabilized, LIHTC affordable housing asset, in the sought after Reynoldstown neighborhood of Atlanta. The property benefits from an excellent location near local, regional and national retail, the Atlanta Beltline Eastside trail, Interstate 20, Moreland Avenue and easy access to/from many neighborhoods of Atlanta. New ownership can benefit from upside of increased allowable rents to 60% AMI over the current 40%/50% AMI rents. Current ownership is applying for approval of higher rents. The property has historically enjoyed high occupancy and minimal turnover. For more details, please complete and return the confidentiality agreement.

  • Two buildings on one parcel with

  • 32 Units, built in 2005

  • 41,664 SF

  • 18 one bedroom and 14 three bedroom units

  • .4 miles from Eastside Beltline

  • 3 minute walk to Inman Park/Reynoldstown MARTA station

  • Gazebo, community room, laundry room and playground on-site

  • 19 free surface parking spaces

  • Individually metered for electricityPedestrian friendly – walk score of 77 according to Short walk to variety of retail and restaurants

  • 12 miles from Atlanta Airport

  • Convenient access to I-20, Memorial Drive and Moreland Avenue

Steve Wohl

(404) 371-4100

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