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879 Parsons Street SW

Atlanta, GA 30314
  • $1,200,000
  • STATUS: Active
  • ON SITE: 107 Days
  • MLS #: 7477483
UPDATED: 14 min ago
$1,200,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2010
County:
Area:

School Information

Elementary School:
High School:

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.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-02-15T09:04:50.887. For issues regarding this website, please contact BoomTown.
www.pathpost.com/homes/157331498
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879 Parsons Street SW Atlanta, GA 30314

  • Price: $1,200,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 14 min ago
  • MLS #: 7477483
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2010
Built
Neighborhood:
Steuerwald
County:
Fulton - Ga
Area:
Fulton - Ga
Elementary School:
M. A. Jones
Middle School:
Herman J. Russell West End Academy
High School:
Booker T. Washington
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.
Exterior Features

Construction Materials BrickCement SidingFiber Cement Dock None Fencing None Lot Features Corner LotLevel Parking Features Driveway Pool Private YN No Roof Type Composition Stories Three Or More View Trees/Woods Waterfront Features None Window Features None

Interior Features

Cooling Ceiling Fan(s)Central Air Flooring Luxury Vinyl Furnished Unfurnished Heating Central

Property Features

Accessibility Features None Association YN No Community Features Sidewalks Green Energy Efficient None Green Energy Generation None Home Warranty No Lot Size Dimensions x Number Of Units Total 14 Property Attached YN No Property Condition Resale Proposed Financing 1031 ExchangeCashConventionalOther Security Features None Sewer Public Sewer Special Circumstances None Special Listing Conditions None Tax Year 2023 Taxes 10600 Type Other Utilities Cable AvailableElectricity AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available Water Source Public

Listing provided courtesy of Boulevard Homes, LLC: .


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-02-15T09:04:50.887. For issues regarding this website, please contact BoomTown.
 
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