Keller Williams Realty Logo
Description Open House Details Location Market Trends Schools Recent Sales
$1,395,000 Est. $5,137 / mo.*

208 Doane St Atlanta , GA 30315

Courtesy of Stephan Dickie, Atlanta Leasing & Investment

Description

10 Beds
2 Baths
7,840 Sqft
9,539 Sqft lot
0.22 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1955
Neighborhood: None
Days on Website: 35
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.

Open House

Property Details and Features

Roof
Roof:
"Asbestos Shingle"
Property Access
Road Frontage Type:
"Other"
Road Surface Type:
"Concrete"
Appliances & Equipment
Appliances:
"Other"
Other Equipment:
"None"
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Contact an Agent

Jane Agent

404-555-1212 404-555-1212

Location

$1,395,000 -
208 Doane St Atlanta , GA 30315
City: Atlanta

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 23, 2025 4:16PM.

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