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879 Parsons Street SW

Atlanta, GA 30314

– beds
– baths
– sqft
4,356 sqft lot
2010 build
– on site

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.

Listing courtesy of GAMLS / Eve Hill / Boulevard

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 10404726 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

2010
Construction Materials:

Brick, Concrete
Structure Type:

Other
Levels:

Three Or More
Basement:

None
Foundation Details:

Slab
# of Units Total:

14

Location

Latitude:

33.75101
Longitude:

-84.41643

The Property

Property Type:

Residential Income
Property Condition:

Resale
Lot Size Acres:

0.1
Lot Size Source:

Public Records
Parcel Number:

14 010900030420

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$10,600

The Listing

Virtual Tour URL Branded:

Virtual Tour

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s), Central Air

Utilities

Utilities:

Underground Utilities
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Jones
Middle School:

Brown
High School:

Washington

The Community

Subdivision:

Steuerwald
Community Features:

Sidewalks
Association:

No
Association Fee Includes:

None

Parking

Parking Features:

Off Street, Parking Pad
Parking Total:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/30/24 Oct 30, 2024	Listed / Active	GAMLS	$1,200,000	123.5% (20.8% / YR)
11/21/18 Nov 21, 2018		FMLS	$537,000

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This multifamily located in Intown South, Atlanta, GA 30314 is currently for sale for $1,200,000. 879 Parsons Street SW is a – square foot multifamily with – beds and – baths that has been on Estately for 25 days. 879 Parsons Street SW is in the Intown South neighborhood of Atlanta and has a WalkScore® of 64, making it somewhat walkable. This multifamily is in the attendance area of Booker T Washington High School, Herman J Russell West End Academy, and Mary Anges Jones Elementary School.

Listing Courtesy of: GAMLS and Boulevard.

© 2024 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.