GA > Atlanta > Atlanta-Fulton
Atlanta, GA 30315,2966 Old Jonesboro RD SW
Atlanta, GA 30315,2966 Old Jonesboro RD SW
Atlanta, GA 30315,2966 Old Jonesboro RD SW
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Michelle Vargas

Michelle Vargas

+1(678) 358-3232
Listed by John Lewis • Chapman Hall Realtors
$485,000
Est. payment /mo
0.28 Acres Lot
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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

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Michelle Vargas

+1(678) 358-3232

Broker | License ID: 285471

Broker License ID: 285471

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2966 Old Jonesboro RD SW