2966 Old Jonesboro Road
Atlanta, GA 30315
0.29 acres | #7483125
Description
Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+
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!).
Property Details
- Lot DescriptionLevel, Private
- ViewOther
Measurements
- Acres0.285
Parking
- Parking FeaturesAttached, Driveway, Garage, Level Driveway, Parking Lot
- Parking TypeGarage
Construction Details
- Property TypePurchase
Condition
- Year Built1940
Utilities / Energy Details
- Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionAtlanta-Fulton
Location
- Elementary SchoolEmma Hutchinson
- Middle SchoolCrawford Long
- High SchoolSouth Atlanta
- CountyFulton - GA
Financial Details
- Original List Price$485,000
- Taxes Annual$5,034
Other
- MLS #7483125
Location
Legal
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc.
Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: John Lewis (#LEWISJO)
Listing Office: Chapman Hall Realtors (#CHSS01)
Listing Courtesy (Buyer)
Buyer's Agent: Ian Kerchner (#KERCHNER)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.