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

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