879 Parsons ST SW, Atlanta, GA 30314
879 Parsons ST SW, Atlanta, GA 30314,Video Tour
879 Parsons ST SW, Atlanta, GA 30314
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Lakendra Wiggan

Lakendra Wiggan

+1(305) 926-0372
$1,000,000
Est. payment /mo
4,356 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Map/Steuerwald Prop Resub Corr

MLS Listing ID 10686695

HOA Y/N No

Year Built 2010

Annual Tax Amount $13,366

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 4356

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It's a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan. Specifically 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. Do not miss this immediate strong cash flow.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement Full

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Off Street

Garage Spaces 6.0

Community Features Sidewalks

Utilities Available Other

View Y/N No

Total Parking Spaces 6

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

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

New Construction No

Schools

Elementary Schools Jones

Middle Schools Herman J Russell

High Schools Booker T Washington

Others

HOA Fee Include None

Tax ID 14 010900030420

Acceptable Financing 1031 Exchange, Conventional, Cash

Listing Terms 1031 Exchange, Conventional, Cash

Special Listing Condition Resale

Virtual Tour https://www.zillow.com/view-imx/9bd75d8c-fe22-45b9-95b8-4bf9471d3d13?wl=true&setAttribution=mls&initialViewType=pano

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Georgia MLS - GAMLS
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Lakendra Wiggan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 926-0372

info@makingmoveswithkendra.com

1230 Peachtree St NE, Atlanta, GA 30309, USA

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879 Parsons ST SW

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