Active
$1,200,000

879 Parsons Street SW Atlanta, GA 30314

879 Parsons Street SW 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.

Schools

  • Elementary
    M. A. Jones
  • Middle
    Herman J. Russell West End Academy
  • High
    Booker T. Washington

    • Location

  • Subdivision
    Steuerwald
  • Zip Code
    30314
  • City
    Atlanta
  • County
    Fulton - GA

    • Property Data

  • Status
    Active
  • MLS #
    7477483
  • Type
    Residential Income

    • Exterior

  • Construction
    Brick, Cement Siding, Fiber Cement
  • Built In
    2010
  • Stories
    Array
  • Sewer
    Public Sewer
  • Parking
    Driveway
  • Services
    Sidewalks
  • Utilities
    Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Lot Description
    Corner Lot, Level
  • Lot Dimensions
    x
  • Acres
    0.0998

    • Listing Provided Courtesy Of: Boulevard Homes, LLC 678-439-0100

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    Data Last updated on November 21, 2024 9:30am

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