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2966 Old Jonesboro, Atlanta, GA 30315

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For Sale

$485,000

0.28 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.3 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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!).
MLS# 10409338

Courtesy Of Chapman Hall of Atlanta, REALTORS, INC

(404) 252-9500

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.28 Acres

Map and Directions

Directions to 2966 Old Jonesboro, Atlanta, GA 30315

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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