2966 Old Jonesboro RD SW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Atlanta-Fulton
MLS Listing ID 10409338
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1940
Annual Tax Amount $5,034
Tax Year 2022
Lot Size 0.285 Acres
Property Description
Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+ Monthly Income Looking for steady cash flow and strong rental income potential? This 4-unit property offers an outstanding $4,600+ in monthly income and the flexibility to be rented long-term or converted to short-term rentals (Airbnb). Located in a highly desirable area near downtown Atlanta, this property is perfect for savvy investors looking to capitalize on both consistent cash flow and property appreciation. Property Highlights: $4,600+ Monthly Cash Flow: With three of the four units currently occupied (Unit #3 is available), this property provides immediate income with the potential for further revenue growth through short-term rentals like Airbnb. Updated and Move-In Ready: Two of the units have been fully renovated in 2023, ensuring modern finishes and reducing immediate maintenance needs. All units feature new vinyl hardwood flooring (no carpet), which enhances appeal and simplifies upkeep. Flexibility in Leasing: The property's versatile rental options (long-term or short-term) make it a great investment for maximizing returns, depending on market conditions and tenant demand. Unit Breakdown: Unit 1 - Fully Renovated Basement Apartment (2023) Private entrance with a basement-level entry (5 steps down). Brand new kitchen with granite countertops, stainless steel appliances (fridge stove), and a modern stainless steel sink. New vinyl hardwood flooring (no carpet!). Updated bathroom and fixtures. Shared washer/dryer with Unit 2, located in the hallway between both units. Unit 2 - Fully Renovated Large Studio/1-Bedroom Basement Apartment (2023) Private entrance, with a modern open-concept studio/1-bedroom layout. New kitchen featuring granite countertops, stainless steel appliances (fridge stove), and new stainless steel sink. Updated bathroom with new vanity and light fixtures. New vinyl hardwood flooring (no carpet!).
Location
State GA
County Fulton
Rooms
Basement Bath Finished,Daylight,Exterior Entry,Finished,Interior Entry
Interior
Heating Electric,Forced Air,Other
Cooling Ceiling Fan(s),Central Air,Window Unit(s)
Exterior
Garage Guest,Kitchen Level,Over 1 Space per Unit,Parking Pad,Side/Rear Entrance
Community Features Sidewalks,Street Lights
Utilities Available Other
Building
Story Three Or More
Foundation Block
Sewer Public Sewer
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
Elementary Schools Hutchinson
Middle Schools Long
High Schools South Atlanta
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Investor Owned