BEDS0
BATHS
MLS#7715525
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMAP-STEUERWALD PROP RESUB CORR
SCHOOLM. A. Jones - Booker T. Washington
Property Description
Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It's a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan. Specifically built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Do not miss this immediate strong cash flow.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.10 Acres
Roof Type: Composition
Taxes: $13,366
Year Built: 2010
Feature Descriptions
Days on Site: 70
Exterior: Brick, Cement Siding, Fiber Cement
Lot: Corner Lot, Level
Lot Dimensions: 0 x 0
Neighborhood Amenities: Near Public Transport, Near Schools, Near Shopping, Public Transportation, Sidewalks, Other
Parking Notes: Driveway, Paved
Parking Total: 6
Sewer: Public Sewer
Special View Info: City, Neighborhood
Units: 14
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available, Other
Water: Public
Local Schools
High School: Booker T. Washington
Middle School: Herman J. Russell West End Academy
Elementary School: M. A. Jones
School District: M. A. Jones - Booker T. Washington
Listed By / Shown By
Listed By
Agency Name: Keller Williams Buckhead
Agency Phone: 404-604-3800
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: FMLS
Estimate Your Payment
Estimated Payment
$ 3,631.07 per month $2,225.57 Principal & Interest $1,113.83 Property Tax $291.67 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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879 Parsons Street Sw | MLS# 7715525
This multi-family property located at 879 Parsons Street Sw, Atlanta, GA 30314 is currently listed for sale with an asking price of $1,000,000. Parsons Street Sw is located within the M. A. Jones - Booker T. Washington school district. Search Atlanta real estate on www.crye-leike.com today.