208 Doane St Unit 10
Atlanta, GA 30315
- – beds
- – baths
- – sqft
- 9,540 sqft lot
- 1955 build
- – on site
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
Last checked:
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Last updated Mar 20, 2025
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MLS# 10482025 —
The Building
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Year Built:1955
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Construction Materials:Brick
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Structure Type:Multi Family (5+ Units)
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Unit Number:10
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Foundation Details:Slab
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Levels:One
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Basement:Crawl Space
Interior
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Green Energy Efficient:Water Heater
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Water
Location
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Latitude:33.730751
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Longitude:-84.394868
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot Size Acres:0.219
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Lot Size Source:Other
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Parcel Number:14 007400020828
Listing Agent
- Contact info:
- Agent phone:
- (404) 348-4448
- Office phone:
- (404) 348-4448
Taxes
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Tax Year:2024
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Tax Annual Amount:$13,839
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Other
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Middle School:Sylvan Hills
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High School:MH Jackson Jr
The Community
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Subdivision:NONE
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Attached
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/19/25
Mar 19, 2025
|
Listed / Active | GAMLS | $1,395,000 |
