Active
879 Parsons Street SW
Atlanta GA, 30314
$1,200,000
Active
Residential
Built in 2010
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, it's 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. Property is great for DSCR loan or even a 1031 exchange.
7477483
MLSⓇ ID
October 30, 2024
Listed
November 25, 2024
Updated
Map
879 Parsons Street SW
Atlanta GA, 30314
Interior Features
Total Stories
3
Floor Description
Luxury Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Corner Lot, Level
Roof
Composition
Sewer
Public Sewer
School Information
High School
Booker T. Washington
Elementary School
M. A. Jones
Other Property Details
Taxes
$10,600
Tax Frequency
Annually
Days on Market
26
Garage
No
Parking
Driveway
View
Yes
View Description
Trees/Woods
County
Fulton - GA
Water Source
Public
Pool
No
Green Building Features
Green Features
None
Listed by Eve Hill with Boulevard Homes, LLC 678-439-0100
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Data last updated 3:10 PM UTC, 11/25/2024