Property Location

0 Norman Berry Drive, East Point GA 30344

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List Price $2,499,000
Units 1
Est. Cap Rate 0.3%
Est. Cash-on-Cash -22.6%
Price / Unit $2,499,000
Est. Year 1 Cash Flow $-141,204 after debt service
0 Norman Berry Drive East Point, GA 30344
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
A rare, high-upside multifamily development opportunity located in the heart of East Point, GA, within the Atlanta Metropolitan Area. This offering includes four parcels totaling approximately ±7.7 acres, featuring a ±6.02-acre primary development site along with an additional ±1.7-acre parcel positioned for future expansion. The property is currently planned for 138 residential units across two buildings, providing a clear path to immediate development. Building A consists of 70 units and Building B consists of 68 units, supported by a well-balanced parking layout. The existing site plan allows a developer to move forward efficiently while maintaining flexibility to enhance the overall design. A key value driver is the ability to increase density beyond the current plan, with a portion of the site—located west of Building B—offering a clear opportunity to scale the project to approximately 160–200+ units through thoughtful architectural optimization. Additionally, the ±1.7-acre parcel across the street presents a compelling Phase II opportunity, further expanding the long-term development potential. The property has been rezoned to MI, which supports a range of residential uses including multifamily, senior housing, and assisted living, providing flexibility for a variety of development strategies. Infrastructure risk has been significantly reduced, with sewer access secured via an existing right-of-way. A portion of the northwest corner lies within a floodplain, however, the primary development footprint is positioned outside of this area, allowing it to be utilized for stormwater management or amenity space without impacting the core project. Strategically located just minutes from Hartsfield-Jackson Atlanta International Airport with convenient access to I-285 and I-85, the site benefits from strong surrounding employment drivers and sustained demand for workforce and multifamily housing. This is a scalable, well-positioned development opportunity with immediate execution potential and significant long-term upside in one of Atlanta’s most active growth corridors.
Investment Notes — East Point
  • Located in the East Point, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $2,499,000 Verified
Est. Cap Rate 0.34% Modeled
Est. Cash-on-Cash -22.60% Modeled
Est. Gross Income $17,203 Modeled
Est. NOI $8,430 Modeled
Est. Year 1 Cash Flow $-141,204 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
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46%
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30 yrs
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Jeff’s Investment Take

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Est. Cap0.3%
Est. CoC-22.6%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7757690 · Listing courtesy of Chapman Hall Realtors, Corey Cooke · 404-252-9500

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily