879 Parsons St SW
Atlanta, GA 30314
7 Beds7 Baths3,131 Sq Ft34 Days on Market
For Sale $1,200,000
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Courtesy of Boulevard
Listing Agent & Comments
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.
MLS# 10404726 • Data provided by GAMLS
Living Area | 3,131 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | 12 |
Bedrooms | 7 |
Bathrooms | 7 |
Stories | 1 |
Year Built | 2010 |
Property Type | Multifamily |
Zoning | R5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2023 |
Tax Amount | $10,716 |
Property in Flood Zone | -- |
Data provided by GAMLS.
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More Information On This Home
This home's estimated value
$1,176,726
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
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New
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HouseCanary, Inc. Brokerage
879 Parsons St SW, Atlanta, GA 30314
Multifamily7 Beds7 Baths3,131 Sq Ft34 Days on Market
Listing Agent & Comments
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.
MLS# 10404726 • Data provided by GAMLS
Living Area | 3,131 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | 12 |
Bedrooms | 7 |
Bathrooms | 7 |
Stories | 1 |
Year Built | 2010 |
Property Type | Multifamily |
Zoning | R5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2023 |
Tax Amount | $10,716 |
Property in Flood Zone | -- |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,200,000
Request tour
Save
Courtesy of Boulevard
879 Parsons St SW
Atlanta, GA 30314
7 Beds7 Baths3,131 Sq Ft34 Days on Market
Listing Agent & Comments
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.
MLS# 10404726 • Data provided by GAMLS
Living Area | 3,131 Sq.Ft. |
---|---|
Lot Size | 4,356 Sq.Ft. |
Total Rooms | 12 |
Bedrooms | 7 |
Bathrooms | 7 |
Stories | 1 |
Year Built | 2010 |
Property Type | Multifamily |
Zoning | R5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2023 |
Tax Amount | $10,716 |
Property in Flood Zone | -- |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,176,726
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,200,000
Request tour
Save
Courtesy of Boulevard