879 Parsons Street SW
Atlanta, GA 30314
0.10 acres | #7562100
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.
Property Details
- Utility FeaturesCable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
- Middle SchoolHerman J. Russell West End Academy
- High SchoolBooker T. Washington
- Lot DescriptionCorner Lot, Level
- Sewer InformationPublic Sewer
- ViewTrees/Woods
- Elementary SchoolM. A. Jones
- CountyFulton - GA
- SubdivisionSteuerwald
- Original List Price$1,200,000
- Parking FeaturesDriveway
- Parking TypeDriveway
- Property TypePurchase
- Taxes Annual$10,600
- MLS #7562100
- Cost1200000
- MLS #7562100
- Acres0.0998
- Utility SourcePublic
- Property ConditionResale
- Property SubtypeOther
- Year Built2010
Location
Legal
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Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: Eve Hill (#HILLEVE)
Listing Office: Boulevard Homes, LLC (#BOUL01)
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