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MLS#10686695
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMAP-STEUERWALD PROP RESUB CORR
NEIGHBORHOODAtlanta
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
Basement: Yes
Basement: Full
Cooling: Central Air
Garage: 6
Heating: Central
Lot Size: 0.10 Acres
Stories: 2.0
Taxes: $13,366
Year Built: 2010
Feature Descriptions
Amenities: Sidewalks
Days on Site: 70
Exterior: Brick
Parking Notes: Off Street
Sewer: Public Sewer
Units: 14
Water: Public
Local Schools
High School: Booker T Washington
Middle School: Herman J Russell
Elementary School: Jones
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Buckhead
Agency Phone: 404-604-3800
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: GAMLS
Estimate Your Payment
Estimated Payment
$ 3,631.07 per month $2,225.57 Principal & Interest $1,113.83 Property Tax $291.67 Homeowner's Insurance
879 Parsons Street Sw | MLS# 10686695
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. Search Atlanta real estate on www.clcommercialrealestate.com today.