879 Parsons ST SW Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status New
Purchase Type For Sale
Subdivision Steuerwald
MLS Listing ID 10506819
Year Built 2010
Annual Tax Amount $10,600
Tax Year 2023
Lot Size 4,356 Sqft
Property Sub-Type Multi Family
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
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Exterior
Parking Features Off Street
Community Features Sidewalks
Utilities Available Underground Utilities
View Y/N No
Building
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
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Resale