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Description Open House Details Location Market Trends Schools Recent Sales Virtual Tour
$1,200,000 Est. $4,419 / mo.*

879 Parsons Street Sw Atlanta , GA 30314

Courtesy of Eve Hill, Boulevard Homes, LLC

Description

14 Units
Property Type: Other
Status: Active
Year Built: 2010
Neighborhood: Steuerwald
Days on Website: 21
Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, it’s a perfect 1031 exchange candidate or even for a first time investment. 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. Property is great for DSCR loan or even a 1031 exchange.

Open House

Property Details and Features

Roof
Roof:
"Composition"
Building
Construction Materials:
"Brick", "Cement Siding", "Fiber Cement"
Furnished:
Unfurnished
Levels:
"Three Or More"
Number Of Units Total:
14
Unit Count:
14
Year Built:
2010
Community
Community Features:
"Sidewalks"
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$1,200,000 - Br/Ba - for Sale in Steuerwald, Atlanta
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404-555-1212 404-555-1212

Location

$1,200,000 -
879 Parsons Street Sw Atlanta , GA 30314
City: Atlanta

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:17PM.

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