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- Price$465,000
- Acres0.29
- Built1940
2966 Old Jonesboro Road Sw, Atlanta
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!).
Essential Information
- MLS® #10409338
- Price$465,000
- Bathrooms0.00
- Acres0.29
- Year Built1940
- TypeResidential Income
- StatusActive
Amenities
- UtilitiesOther
- ParkingGuest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance
Exterior
- ConstructionBrick
- FoundationBlock
Additional Information
- Days on Market19
Community Information
- Address2966 Old Jonesboro Road Sw
- SubdivisionAtlanta-Fulton
- CityAtlanta
- CountyFulton
- StateGA
- Zip Code30315
Interior
- HeatingElectric, Forced Air, Other
- CoolingCeiling Fan(s), Central Air, Window Unit(s)
- StoriesThree Or More
School Information
- ElementaryHutchinson
- MiddleLong
- HighSouth Atlanta
Listing Details
- Listing Provided Courtesy Of Chapman Hall Realtors
- Office Info770-979-3228
Price Change History for 2966 Old Jonesboro Road Sw, Atlanta, GA (MLS® #10409338)
Date | Details | Price | Change |
---|---|---|---|
Active | – | – | |
Price Change | – | – | |
Price Reduced (from $485,000) | $465,000 | $20,000 (4.12%) | |
Active (from New) | – | – |
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Listing information last updated on November 26th, 2024 at 10:30pm CST.