89 Ollie Street NW , Atlanta, GA 30314
Atlanta, GA 30314
Description
Offered at $550,000 with a CAP rate of 7%, this investment property boasts a potential annual gross income of $85,000. Currently 100% occupied with many tenants currently applying, it's a perfect 1031 exchange candidate or even for a first-time investment. Renovated in 2024 as a student housing property, it includes two units, the upstairs with 5 rooms, 1 bathroom, the downstairs with 5 rooms and 1 bathroom. Each unit has full kitchens, as well as updated features including new HVAC, water heaters, wash/dryer, and keyless entry. The property is in close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Property is great for DSCR loan or even a 1031 exchange. This property is for sale by the owner and can be reached at via phone (803-760-3631) or via email (stuarthhope@gmail.com). Tours can be scheduled after proof of funds have been sent and an initial call between the buyer and the seller has occurred.
Details
| MLS# | 10474701 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 14 |
| Listing Provided By | Atlanta Leasing & Investment | Stuart Hope |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.09 |
Market Activity 30314
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30314 |
| School District | Carver |
| Elementary School | Dunbar |
| Middle School | Herman J. Russell |
| High School | Carver |
| Listing VS Median (In 30314) | |
Price: $550,000 low | high Med: $309,000 On site: 14 low | high Med: 32.000000 | |
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