879 parsons street swAtlanta, GA 30314

$1,200,000Price
0.1Acres
OverviewLocationBuilding informationProperty InfoPublic Records
$1,200,000Price
0.1Acres

879 parsons street swAtlanta, GA 30314

Description

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.

Property Details for 879 Parsons Street SW

  • Subdivision ComplexSteuerwald
  • Parking FeaturesOff Street
  • Property AttachedNo

LISTING UPDATED:

  • StatusActive
  • MLS #10506819
  • Days on Site28
  • Taxes$10,600 / year
  • MLS TypeResidential Income
  • Year Built2010
  • Lot Size0.10 Acres
  • CountryFulton

Location

GAAtlanta30314879 Parsons Street SW

LISTING UPDATED:

  • StatusActive
  • MLS #10506819
  • Days on Site28
  • Taxes$10,600 / year
  • MLS TypeResidential Income
  • Year Built2010
  • Lot Size0.10 Acres
  • CountryFulton

Building Information for 879 Parsons Street SW

Payment Calculator

$7,270 per month30 year fixed, 7.00% Interest
Principal and Interest$6,386.9
Property Taxes$883.33
HOA Dues$0

Term

Interest

Home Price

Down Payment

The Payment Calculator is for illustrative purposes only. Read More

Property Information for 879 Parsons Street SW

Summary

Location and General Information

  • Community Features: Sidewalks
  • Directions: From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left
  • Coordinates: 33.75101,-84.41643

School Information

  • Elementary School: Jones
  • Middle School: Brown
  • High School: Washington

Taxes and HOA Information

  • Parcel Number: 14 010900030420
  • Tax Year: 2023
  • Association Fee Includes: None

Virtual Tour

    Parking

    • Open Parking: No

    Interior and Exterior Features

    Interior Features

    • Cooling: Ceiling Fan(s), Central Air
    • Heating: Central
    • Basement: None
    • Levels/Stories: Three Or More
    • Foundation: Slab

    Exterior Features

    • Construction Materials: Brick, Concrete
    • Pool Private: No

    Property

    Utilities

    • Sewer: Public Sewer
    • Utilities: Underground Utilities
    • Water Source: Public

    Property and Assessments

    • Home Warranty: No
    • Property Condition: Resale

    Green Features

      Lot Information

        Multi Family

        • Number of Units To Be Built: Square Feet

        Rental

        Rent Information

        • Land Lease: No

        Public Records for 879 Parsons Street SW

        Tax Record

        Home Facts