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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. Property is great for DSCR loan or even a 1031 exchange.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/23/2025 |
|---|---|---|---|
| TRACT | Steuerwald | YEAR BUILT | 2010 |
| COUNTY | Fulton | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Jones |
|---|---|
| Jr. High School | Brown |
| High School | Washington |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Brick, Concrete |
| HEAT | Central |
| LOT | 4356 sq ft |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 3+ |
| SUBDIVISION | Steuerwald |
| TAXES | 10600 |
| UTILITIES | Underground Utilities |
| WATER | Public |
| WATER ACCESS | NONE |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Boulevard
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Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
