879 Parsons St SW, Atlanta, GA 30314
Multifamily7 Beds7 Baths3,131 Sq Ft32 Days on Market
Listing Agent & Comments
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.
MLS# 10506819 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
| Living Area | 3,131 Sq.Ft. |
|---|---|
| Lot Size | 4,356 Sq.Ft. |
| Total Rooms | 12 |
| Bedrooms | 7 |
| Bathrooms | 7 |
| Stories | 1 |
| Year Built | 2010 |
| Property Type | Multifamily |
| Zoning | R5 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | None |
| Tax Year | 2023 |
| Tax Amount | $10,716 |
| Property in Flood Zone | -- |
Data provided by GAMLS.
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Updated on 05/26/2025 at 1:10am