GA > Atlanta > Steuerwald
Atlanta, GA 30314,879 Parsons ST SW
Atlanta, GA 30314,879 Parsons ST SW
Atlanta, GA 30314,879 Parsons ST SW
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Michelle Vargas

Michelle Vargas

+1(678) 358-3232
$1,200,000
Est. payment /mo
4,356 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Steuerwald

MLS Listing ID 10506819

HOA Y/N No

Year Built 2010

Annual Tax Amount $10,600

Tax Year 2023

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 4356

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

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, itCOs 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.

Location

State GA

County Fulton

Rooms

Basement None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Off Street

Community Features Sidewalks

Utilities Available Underground Utilities

View Y/N No

Garage No

Private Pool No

Building

Faces From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete

New Construction No

Schools

Elementary Schools Jones

Middle Schools Brown

High Schools Washington

Others

HOA Fee Include None

Tax ID 14 010900030420

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Resale

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agent

Michelle Vargas

+1(678) 358-3232

Broker | License ID: 285471

Broker License ID: 285471

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879 Parsons ST SW