2966 Old Jonesboro RD Atlanta, GA 30315
UPDATED:
11/23/2024 10:28 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Atlanta-Fulton
MLS Listing ID 7483125
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1940
Annual Tax Amount $5,034
Tax Year 2022
Lot Size 0.285 Acres
Acres 0.285
Property Description
Monthly Income
Looking for steady cash flow and strong rental income potential? This 4-unit
property offers an outstanding $4,600+ in monthly income and the flexibility to be
rented long-term or converted to short-term rentals (Airbnb). Located in a highly
desirable area near downtown Atlanta, this property is perfect for savvy investors
looking to capitalize on both consistent cash flow and property appreciation.
Property Highlights:
? $4,600+ Monthly Cash Flow: With three of the four units currently occupied
(Unit #3 is available), this property provides immediate income with the potential
for further revenue growth through short-term rentals like Airbnb.
? Updated and Move-In Ready: Two of the units have been fully renovated in
2023, ensuring modern finishes and reducing immediate maintenance needs. All
units feature new vinyl hardwood flooring (no carpet), which enhances appeal
and simplifies upkeep.
? Flexibility in Leasing: The property’s versatile rental options (long-term or
short-term) make it a great investment for maximizing returns, depending on
market conditions and tenant demand.
Unit Breakdown:
Unit 1 – Fully Renovated Basement Apartment (2023)
? Private entrance with a basement-level entry (5 steps down).
? Brand new kitchen with granite countertops, stainless steel appliances (fridge &
stove), and a modern stainless steel sink.
? New vinyl hardwood flooring (no carpet!).
? Updated bathroom and fixtures.
? Shared washer/dryer with Unit 2, located in the hallway between both units.
Unit 2 – Fully Renovated Large Studio/1-Bedroom Basement Apartment (2023)
? Private entrance, with a modern open-concept studio/1-bedroom layout.
? New kitchen featuring granite countertops, stainless steel appliances (fridge &
stove), and new stainless steel sink.
? Updated bathroom with new vanity and light fixtures.
? New vinyl hardwood flooring (no carpet!).
Location
State GA
County Fulton
Lake Name None
Interior
Heating Electric, Forced Air, Other, Wall Unit(s)
Cooling Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
Flooring Carpet, Laminate, Other
Window Features Double Pane Windows
Exterior
Garage Attached, Driveway, Garage, Level Driveway, Parking Lot
Fence None
Community Features Other, Public Transportation, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 6
Private Pool false
Building
Lot Description Level, Private
Story Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick,Frame
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Emma Hutchinson
Middle Schools Crawford Long
High Schools South Atlanta
Others
Senior Community no
Tax ID 14 009300031244
Special Listing Condition None
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