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2966 Old Jonesboro
Atlanta GA 30315 US

$485,000

Active Listing ID 10409338
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Lot: 0.29 Acres
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$485,000

Active Listing ID 10409338
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2966 Old Jonesboro 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!).

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Property Features

  • Facts
  • Lot Size: 0.29 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s) A/C
  • Heating Fuels: Forced Air

School Information

  • School
  • Hutchinson(Elementary)
  • Long(MiddleSchool)
  • South Atlanta(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 485000
  • unparsedaddress: 2966 Old Jonesboro
  • postalcity: Atlanta
  • stateorprovince: GA
  • country: US
  • postalcode: 30315
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.285
  • lotsizeunits: Acres
  • lotsizearea: 0.285
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.673998
  • longitude: -84.407049
  • listagentfullname: John Lewis
  • listagentemail: jlewis@saffordsells.com
  • listagentkey: 3yd-GAMLS-LEWISJOHN
  • listagentmlsid: LEWISJOHN
  • listagentpreferredphone: 4042360043
  • listagentofficephone: 4042529500
  • listofficekey: 3yd-GAMLS-CHSS01
  • listofficemlsid: CHSS01
  • disclaimer: Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GAMLS
  • yearbuilt: 1940
  • listingcontractdate: 2024-11-06
  • listagenturl: http://www.chapmanhallrealtor.com
  • countyorparish: Fulton
  • parcelnumber: 14 009300031244
  • elementaryschool: Hutchinson
  • highschool: South Atlanta
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick
  • heating: Forced Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Guest
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -84.40705, 33.674
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Chapman Hall of Atlanta, REALTORS, INC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jlewis@saffordsells.com", "ListBrokerageCity":"Atlanta", "ListBrokerageCountry":"US", "ListBrokerageEmail":"deborah@chapmanhallrealtors.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GAMLS/c5ababc31c953cf9011c957d08b81845/20080925180000891.pjpeg", "ListBrokerageName":"Chapman Hall of Atlanta, REALTORS, INC", "ListBrokeragePhone":"404-236-0043", "ListBrokeragePostalCode":"30328", "ListBrokerageStateOrProvince":"GA", "ListBrokerageUnitNumber":"Suite 120", "ListBrokerageUnparsedAddress":"6100 Lake Forrest Drive", "ListBrokerageWebsiteUrl":"http://www.chapmanhallrealtor.com", "ListOfficeAddress1":"Lake Forrest Drive, S.120 6100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Atlanta", "ListOfficeCountry":"US", "ListOfficeEmail":"chapmanhallstaff@gmail.com", "ListOfficePostalCode":"30328", "ListOfficeStateOrProvince":"GA", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family, Quadruplex - Atlanta, GA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2966-Old-Jonesboro-Rd-SW_Atlanta_GA_30315_M65211-43960?f=listhub&s=GAMLS&m=10409338&c=rexren", "MLSModificationTimestamp":"2024-11-11T13:05:14Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5034.47, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/12/2024 6:20:55 PM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: John Lewis, Chapman Hall Realtors, jlewis@saffordsells.com

Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.