ADDRESS
2475 NORTHWINDS PKWY, STE 300
ALPHARETTA, GA 30009
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$1,200,000
25 Days On Site
879 Parsons ST SWAtlanta, GA 30314
For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths
—
SqFt
—
/SqFt
2010
Built
Subdivision:
Steuerwald
County:
Fulton
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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. Gross income: $79 500 Potential Gross income: $137 100 Annual expenses: $42089.08 Potential Annual expenses: $41521.08 Actual NOI: $37410.92 Potential NOI: $95578.92 There is 4 parking spots in the driveway that are not assigned and are first come first served, but plenty of street parking. Property is great for DSCR loan or even a 1031 exchange.
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Listing Snapshot
Price
$1,200,000
Days On Site
25 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1 Acres
Year Built
2010
MLS® Number
10404726
Status
Active
Property Tax
$10,600
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Active | |
| 4 weeks ago | Listing first seen on site |
General Features
Acres
0.1
Foundation
Slab
Garage
Yes
Garage Spaces
6
Number Of Stories
3
Parking
Off StreetParking Pad
Parking Spaces
6
Sewer
Public Sewer
Stories
Three Or More
Utilities
Underground Utilities
Water Source
Public
Interior Features
Basement
None
Cooling
Ceiling Fan(s)Central Air
Heating
Central
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Exterior Features
Construction Details
BrickConcrete
Community Features
Community Features
Sidewalks
Financing Terms Available
1031 ExchangeCashConventional
Schools
School District
Unknown
Elementary School
Jones
Middle School
Brown
High School
Washington
Listing courtesy of Boulevard
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Data last updated at: 2024-10-30 12:00 AM UTC
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Data last updated at: 2024-10-30 12:00 AM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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