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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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Map/Steuerwald Prop Resub Corr

MLS Listing ID 7715525

Construction Status Resale

HOA Y/N No

Year Built 2010

Annual Tax Amount $13,366

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Other

Source First Multiple Listing Service

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

Area Map/Steuerwald Prop Resub Corr

Lake Name None

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Window Features None

Exterior

Parking Features Driveway, Paved

Fence None

Community Features Near Public Transport, Near Schools, Near Shopping, Public Transportation, Sidewalks, Other

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available, Other

Waterfront Description None

View Y/N Yes

View City, Neighborhood

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 6

Private Pool false

Building

Lot Description Corner Lot, Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Cement Siding,Fiber Cement

Construction Status Resale

Schools

Elementary Schools M. A. Jones

Middle Schools Herman J. Russell West End Academy

High Schools Booker T. Washington

Others

Senior Community no

Acceptable Financing 1031 Exchange, Conventional, Cash

Listing Terms 1031 Exchange, Conventional, Cash

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

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First Multiple Listing Service(FMLS)
Listed by Keller Williams Buckhead
Nearby Locations
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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