Viewing Listing MLS# 410866370

$485,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$485,000 No Recent Price Change
2966 Old Jonesboro Road
Atlanta, GA 30315
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1940Year Built
  • 0.29Acres
  • MLS# 410866370
  • Multifamily
  • Other
  • Active

  • Approx Time on Market6 days
  • AreaN/A
  • CountyFulton - GA
  • Subdivision Atlanta-Fulton

Overview

Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+Monthly IncomeLooking for steady cash flow and strong rental income potential? This 4-unitproperty offers an outstanding $4,600+ in monthly income and the flexibility to berented long-term or converted to short-term rentals (Airbnb). Located in a highlydesirable area near downtown Atlanta, this property is perfect for savvy investorslooking 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 potentialfor further revenue growth through short-term rentals like Airbnb.? Updated and Move-In Ready: Two of the units have been fully renovated in2023, ensuring modern finishes and reducing immediate maintenance needs. Allunits feature new vinyl hardwood flooring (no carpet), which enhances appealand simplifies upkeep.? Flexibility in Leasing: The propertys versatile rental options (long-term orshort-term) make it a great investment for maximizing returns, depending onmarket 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!).



Association Fees / Info

Hoa:  No

Community Features:  Other, Public Transportation, Sidewalks, Street Lights

Bathroom Info

Building Info

Habitable Residence:  No

Number of Units Total:  4

Exterior Features

Fence:  None

Pool Private:  No

County:  Fulton - GA

Acres:  0.29

Financial

Original Price:  $485,000

Owner Financing:  No

Gross Income:  4,600

Garage / Parking

Parking Features:  Attached, Driveway, Garage, Level Driveway, Parking Lot

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  Carbon Monoxide Detector(s)

Levels:  Three Or More

Lot Info

Lot Size Source:  Assessor

Lot Features:  Level, Private

Misc

Property Attached:  No

Home Warranty:  No

Open House

Other

Property Info

Construction Materials:  Brick, Frame

Year Built:  1,940

Property Condition:  Updated/Remodeled

Roof:  Composition, Shingle

Property Type:  Residential Income

Rental Info

Land Lease:  No

Special Features

Green Features:  None

Special Listing Conditions:  None

Special Circumstances:  Investor Owned, Owner Will Consider Exchange

Tax Info

Tax Amount Annual:  5034

Tax Year:  2,022

Tax Parcel Letter:  14-0093-0003-124-4

Unit Info

Utilities / Hvac

Cool System:  Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)

Heating:  Electric, Forced Air, Other, Wall Unit(s)

Utilities:  Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available

Sewer:  Public Sewer

Waterfront / Water

Water Body Name:  None

Water Source:  Public

Waterfront Features:  None

Schools

Elem:  Emma Hutchinson

Middle:  Crawford Long

High:  South Atlanta

Directions

GPS

Listing Provided courtesy of Chapman Hall Realtors 

Mortgage Calculator

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Information was last updated: 11-13-2024 7:01 AM EST est.

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On sharondoverrealestate.com since Wed, Nov 6th 2024
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