Chamblee Homes

Highlights

• 100% Occupied Multifamily Asset – The property consists of 8 fully leased apartment units, providing investors with immediate and stable rental income.
• Strong In-Place Cash Flow – The building generates approximately $168,000 in annual gross income, delivering reliable returns from day one.
• 7,109 SF Apartment Building – A well-sized multifamily property designed for efficient operations and strong tenant demand.
• Value-Add Redevelopment Opportunity – The site has the potential to support the development of up to 24 apartment units, allowing investors to significantly increase density and maximize the property’s long-term value.
• RM-75 Zoning – The zoning designation supports multifamily residential development and provides flexibility for future redevelopment or expansion.
• Renovated Property – Originally built in 1963 and renovated in 2017, blending durable construction with modern improvements.
• Prime Northeast Atlanta Location – Located in Chamblee, a rapidly growing submarket within Atlanta known for strong rental demand and redevelopment activity.
• Excellent Accessibility – Convenient access to major highways including Interstate 285 and Interstate 85, connecting the property to major employment and retail centers.
• Income + Development Upside – Investors benefit from stable current income while maintaining the opportunity to redevelop the property into a higher-density 24-unit multifamily project.

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.

Located in the dynamic metro area of Chamblee, just minutes from Atlanta, the property at 2400 Beverly Hill Dr offers investors a compelling opportunity within one of the region’s fastest-growing redevelopment corridors. Chamblee has evolved from a historic rail town into a vibrant urban district fueled by mixed-use development, transit connectivity, and strong residential demand.

The property benefits from its proximity to major transportation routes including Interstate 285, Interstate 85, and MARTA rail service, providing convenient access throughout Metro Atlanta. Residents and businesses in the area also enjoy close access to premier shopping and employment destinations such as Lenox Square, Phipps Plaza, and the Atlanta Financial Center, which together anchor one of the Southeast’s strongest economic centers.

Strategic Redevelopment Corridor

Chamblee is currently experiencing significant public and private investment, highlighted by the city’s ambitious Chamblee Town Center Redevelopment Plan. In 2018, the City of Chamblee and its Downtown Development Authority launched a long-term initiative to transform the historic downtown district into a vibrant mixed-use destination. The vision includes new public spaces, improved mobility, expanded parking, and a balanced mix of residential, retail, and office development designed to create a walkable urban environment.

A key milestone in this initiative was the opening of Chamblee’s new City Hall in 2022, which now serves as the civic centerpiece of the developing Town Center district. The project introduced new green spaces and gathering areas that encourage community engagement and strengthen the identity of downtown Chamblee.

Building on that momentum, the City Center Project is currently underway. Through a competitive development process, Greystar and Vantage Realty Partners were selected in 2024 to transform key downtown parcels into a vibrant mixed-use hub featuring multifamily housing, retail space, office development, and public green space. This project is currently progressing through permitting and represents one of the most significant redevelopment initiatives in the city’s history.

Redevelopment Potential

Given the property’s location within this rapidly evolving corridor, 2400 Beverly Hill Dr presents a compelling opportunity for investors seeking both stable income and long-term redevelopment potential. As Chamblee continues to attract new residential and commercial investment, properties positioned near the Town Center district stand to benefit from increased demand, rising property values, and improved infrastructure.

The surrounding area’s continued transformation into a mixed-use urban environment makes this location particularly attractive for future redevelopment or repositioning strategies. Investors may find opportunities to enhance the property through renovation, increased density, or redevelopment to align with the city’s broader growth vision.

Investment Outlook

With its strategic location near Atlanta’s major employment centers, access to transit and interstate highways, and proximity to Chamblee’s emerging Town Center district, 2400 Beverly Hill Dr is well positioned to benefit from the continued revitalization and economic expansion occurring throughout the Northeast Atlanta submarket.

The combination of strong regional connectivity, nearby amenities, and ongoing redevelopment initiatives makes this location an ideal choice for investors seeking a property with both current income stability and long-term growth potential.

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