Homes for sale - 879 Parsons ST SW, Atlanta, GA 30314

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$1,200,000

Est. payment - /mo

4,347 Sqft Lot

Active

879 Parsons ST SW Atlanta, GA 30314

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Terence Richardson

terence@richardsonrealestategroup.com +1(678) 785-5275

UPDATED:

11/25/2024 03:23 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Steuerwald

MLS Listing ID 7477483

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 2010

Annual Tax Amount $10,600

Tax Year 2023

Lot Size 4,347 Sqft

Acres 0.0998

Property 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.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Luxury Vinyl

Window Features None

Exterior

Parking Features Driveway

Fence None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Waterfront Description None

View Trees/Woods

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Corner Lot, Level

Story Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Brick,Cement Siding,Fiber Cement

New Construction No

Construction Status Resale

Schools

Elementary Schools M. A. Jones

Middle Schools Herman J. Russell West End Academy

High Schools Booker T. Washington

Others

Senior Community no

Tax ID 14 010900030420

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

Special Listing Condition None

Listed by Boulevard Homes, LLC