2966 Old Jonesboro Road SW
Atlanta, GA 30315
- – beds
- – baths
- – sqft
- 12,415 sqft lot
- 1940 build
- – on site
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!).
Last checked:
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Last updated Nov 21, 2024
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MLS# 10409338 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1940
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Construction Materials:Brick
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Structure Type:Quadruplex
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Levels:Three Or More
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Basement:Bath Finished, Daylight, Exterior Entry, Finished, Interior Entry
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Foundation Details:Block
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# of Units Total:4
Location
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Latitude:33.673998
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Longitude:-84.407049
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Lot Size Acres:0.285
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Lot Size Source:Public Records
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Parcel Number:14 009300031244
Listing Agent
- Contact info:
- Agent phone:
- (404) 252-9500
- Office phone:
- (404) 252-9500
Taxes
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Tax Year:2022
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Tax Annual Amount:$5,034.47
Heating & Cooling
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Heating:Electric, Forced Air, Other
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Cooling:Ceiling Fan(s), Central Air, Window Unit(s)
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:Hutchinson
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Elementary Bus:Yes
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Middle School:Long
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Middle School Bus:Yes
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High School:South Atlanta
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High School Bus:Yes
The Community
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Subdivision:Atlanta-Fulton
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Community Features:Sidewalks, Street Lights
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Guest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance
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 |
|---|---|---|---|---|
|
11/7/24
Nov 7, 2024
|
Listed / Active | GAMLS | $485,000 | 46.2% (29.6% / YR) |
|
4/17/23
Apr 17, 2023
|
GAMLS | $331,750 | -5.2% | |
|
3/17/23
Mar 17, 2023
|
GAMLS | $349,900 |
