1322 Euclid Avenue – Atlanta, Georgia

Majority Ownership Opportunity

Investment Summary

Units Offered

10 – 12 Residential Condominium Units

Total Units in Building

12

Unit Type

1 Bedroom / 1 Bathroom

Unit Size

~606 – 623 SF

Laundry

In-Unit Washer / Dryer

Building

Two-Story Walk-Up Residential Building

Neighborhood

Candler Park – Atlanta, Georgia

Potential Consolidation: Up to 12 Units*

*Two additional owners have indicated potential interest in selling their units.

Income Snapshot

Average Monthly Rent

$1,610

Rent Range

$1,540 – $1,645

Current Rent Roll (9 Units)

$173,880

Estimated Annual Operating Expenses

$17,348

Property Taxes

$29,448

Estimated Net Operating Income

$127,085

Condominium Association

Total HOA Budget: $23,130

• Common area utilities
• Exterior maintenance
• Landscaping
• Building insurance
• Trash service

HOA Annual Surplus: $3,455

HOA Cash Balance: $15,042

Association operates with positive reserves and stable expenses.

Share for 9 Units

Metric	Amount
Share of Expenses	$17,347
Share of Revenue	$19,939
Share of HOA Profit	$2,591
Share of Cash Balance	$11,282

2025 Expenses
Building Maintenance	$66
Landscaping	$177
Power Common Areas	$56
Trash pick up	$157
Various	$33
Building Insurance	$944
Taxes	$3,272
Water/Sewer	$495
Total	$5,200

Rental Income Trailing 12 (2025)

Unit	T-12Rent
1	$18,750
2	$19,035
3	$19,740
4	$19,290
5	$18,800
6	$18,870
7	$18,480
8	$18,240
10	$19,125

Total Gross Rental Income

$170,330

Average Monthly Rent per Unit

$1,577

Average Annual Rent per Unit

$18,926

Rental Income – Current (2026)

Unit	Current Rent
1	$19,140
2	$19,440
3	$19,740
4	$19,500
5	$19,380
6	$19,140
7	$18,480
8	$19,620
10	$19,440

Total Gross Rental Income

$173,880

Average Monthly Rent per Unit

$1,610

Average Annual Rent per Unit

$19,320

Page 4 of 11

Building Systems Summary

1322 Euclid Avenue – Atlanta, Georgia

The property consists of a two-story residential condominium building containing twelve residential units. Each unit operates with individually controlled mechanical systems, while certain utilities and services are managed through the condominium association.

Roof

A new roof system was installed in 2025.

The roof replacement included new architectural shingles and related exterior work as part of the building’s ongoing capital improvements.

The roof replacement significantly reduces near-term capital expenditure risk for future ownership.

HVAC Systems

Each condominium unit is served by individually installed HVAC systems, providing independent climate control for each residence.

HVAC equipment is owned and maintained by the individual unit owners rather than the condominium association.

Detailed equipment information may be available during due diligence.

Electrical

Each unit is served by an individual electrical panel.

Electrical service is separately metered, with tenants responsible for their own electricity usage.

Water Heaters

Each unit contains an individually installed electric water heater. Recent water heater replacements include:

• Unit 2 – March 2025
• Unit 3 – October 2023
• Unit 8 – October 2022

Unit 10 water heater was installed in November 2013.

Several remaining units appear to have original installations dating to approximately 2003. Water heaters are owned and maintained by individual unit owners.

Laundry

Each unit includes in-unit washer and dryer connections, with appliances located within the individual residences.

Utilities

Utilities are structured as follows:

Utility	Responsibility
Electricity	Individually metered
Water / Sewer	Paid through HOA
Trash Service	HOA
Common Area Power	HOA
Landscaping	HOA
Building Insurance	HOA

Building Layout

First Floor

Units 101 – 106

Second Floor

Units 201 – 206

Unit Type A

Unit Type B

Unit Layouts

~623 SF

~606 SF

Offering Contact

Michael Anderson
Principal
Harbor Haven Realty
(404) 513-3417
manderson@harborhavenrealty.com
Brokerage Firm: John Bailey Realty

John Bailey
Principal
Harbor Haven Realty
(770) 289-8942
john@johnbaileyrealty.com
Brokerage Firm: John Bailey Realty