Turnkey 10-cap professionally managed rental property, one block from the Westside Beltline. Rents average over $7,000 per month. Priced below 2026 appraisal, which came in at $500,000. Currently running at a 10% cap and 20% cash-on-cash ROI. Financials available upon request. Duplex-style: 5BR/2BA on each floor, two full kitchens, two laundry areas, separate entrances connected inside. Operates as two independent units. ~3,600 sq ft on a double lot. Two en-suites in place with space to add three more in the oversized bedrooms and wide upstairs hallway. Rents currently run below market. After a year of capital improvements, there's about $33,000/yr in identified upside between bringing furnished room rents to market and adding three additional en-suites, plenty of square footage to support it without major reconfiguration. Recent improvements: fresh paint, landscaping, front and back deck repair, gutter and downspout repair, new interior and exterior lighting, fully serviced crawlspace. TVs in most rooms. Interior and exterior camera security included. Location: 0.1 mi to bus stop on Joseph E. Boone, blocks from Ashby MARTA, steps from the Beltline. Adjacent to the Atlanta University Center. Floorplan, and full operating financials available. We have preferred coliving lenders that must be used for this transaction due to the setup of the home.
| MLS # | 10760935 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2007 |
| Days On Site | 110 |
| Listing Provided By | Keller Williams Realty | Josh Stanton |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,645 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.25 |
| Property View | Yes |
| Appliances | Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Range, Stainless Steel Appliance(s) |
|---|---|
| Interior Features | Walk-In Closet(s), Split Bedroom Plan, Roommate Plan, In-Law Floorplan, High Ceilings |
| Cooling | Central Air, Electric |
| Cooling Yes / No | Yes |
| Heating | Electric, Forced Air |
| Heating Yes / No | Yes |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
| Window Features | Double Pane Windows |
| Room Kitchen Features | Pantry, Second Kitchen, Walk-in Pantry |
| Room Dining Room Features | Dining Rm/Living Rm Combo |
| Laundry Features | Laundry Closet, In Basement, Other |
| Exterior Features | Garden, Other |
|---|---|
| Lot Features | Corner Lot, Sloped |
| Construction Materials | Vinyl Siding, Concrete |
| Roof | Composition |
| Fencing | Back Yard, Chain Link, Front Yard, Wood |
| Foundation Details | Block |
| Patio And Porch Features | Deck, Porch |
| Security Features | Smoke Detector(s) |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street, Parking Pad |
| Open Parking Yes / No | Yes |
| Utilities | Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
| Tax Annual Amount | 9232 |
|---|---|
| Tax Year | 2025 |
| Community Features | Street Lights, Sidewalks, Park, Fitness Center, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping, Racquetball |
|---|
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30314 |
| Area | Fulton |
| Community Name | Washington Park |
| School District | Booker T Washington |
| Elementary School | Hollis Innovation Academy |
| High School | Booker T Washington |
| Listing VS Median (in Washington Park) | |
Price: $475,000 low | high Med: $475,000 sqft: 3,645 low | high Med: 2,984 $ / sqft: $130 low | high Med: $159 On site: 110 low | high Med: 56 | |
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30314 |
| Area | Fulton |
| Community Name | Washington Park |
| School District | Booker T Washington |
| Elementary School | Hollis Innovation Academy |
| High School | Booker T Washington |
| Listing VS Median (in Washington Park) | |
Price: $475,000 low | high Med: $475,000 sqft: 3,645 low | high Med: 2,984 $ / sqft: $130 low | high Med: $159 On site: 110 low | high Med: 56 | |