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About This Home
This 0-bedroom, 0-bathroom residential multi family at 879 Parsons Street SW in Atlanta, GA is listed for $1,000,000. Built in 2010, on a 0.10 acres lot.
Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It's a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan.
Specifically 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. Do not miss this immediate strong cash flow.
Key Features
- Built in 2010
- 0.10 acre lot
- 2 stories
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$5,348/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
879 Parsons Street SW
Atlanta, GA 30314
MAP/STEUERWALD PROP RESUB CORR
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 879 Parsons Street SW is listed at $1,000,000. The estimated monthly payment is $4,333 based on 20% down at 6.5% interest.
Key features include: Built in 2010, 0.10 acre lot, 2 stories, 6 parking spaces.
This property is listed by Eve Hill and can be reached at 4045518454 or evehill@kw.com.
