879 Parsons ST SW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Steuerwald
MLS Listing ID 7477483
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2010
Annual Tax Amount $10,600
Tax Year 2023
Lot Size 4,347 Sqft
Acres 0.0998
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, it's 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
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Luxury Vinyl
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features Sidewalks
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Underground Utilities,Water Available
Waterfront Description None
View Trees/Woods
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Corner Lot,Level
Story Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick,Cement Siding,Fiber Cement
New Construction No
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
Tax ID 14 010900030420
Acceptable Financing 1031 Exchange,Cash,Conventional,Other
Listing Terms 1031 Exchange,Cash,Conventional,Other
Special Listing Condition None