Viewing Listing MLS# 409609113
Atlanta, GA 30314
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 2010Year Built
- 0.10Acres
- MLS# 409609113
- Multifamily
- Other
- Active
- Approx Time on Market9 days
- AreaN/A
- CountyFulton - GA
- Subdivision Steuerwald
Overview
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, its 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.
Association Fees / Info
Hoa: No
Community Features: Sidewalks
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 14
Exterior Features
Fence: None
Pool Private: No
County: Fulton - GA
Acres: 0.10
Financial
Original Price: $1,200,000
Owner Financing: No
Cap Rate: 7.75
Garage / Parking
Parking Features: Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Three Or More
Lot Info
Lot Size Source: Public Records
Lot Features: Corner Lot, Level
Lot Size: x
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Brick, Cement Siding, Fiber Cement
Year Built: 2,010
Property Condition: Resale
Roof: Composition
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 10600
Tax Year: 2,023
Tax Parcel Letter: 14-0109-0003-042-0
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Central
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the leftListing Provided courtesy of Boulevard Homes, Llc
MLS# 410102908