Ormewood Park Homes with Two Levels

Ormewood Park Homes with Two Levels

Welcome to Ormewood Park, a charming and vibrant subdivision nestled in the heart of Atlanta, Georgia. Known for its rich history and eclectic character, Ormewood Park offers a unique blend of urban convenience and suburban tranquility. With tree-lined streets and a welcoming community atmosphere, this neighborhood is the perfect place to call home.

One of the standout features of Ormewood Park is its diverse selection of homes, particularly those with two levels. These multi-story residences provide ample space for families and individuals alike, offering the perfect canvas for your lifestyle. Imagine coming home to a beautifully designed two-level abode, where you can enjoy spacious living areas, cozy bedrooms, and perhaps even a dedicated home office or playroom. The architectural styles in Ormewood Park range from charming bungalows to contemporary builds, ensuring there's something for everyone.

Living in Ormewood Park means you're just a stone's throw away from the vibrant culture of Atlanta. With nearby parks, trendy eateries, and local shops, you’ll find everything you need within reach. The community is also well-connected to public transportation and major highways, making commuting a breeze.

Whether you're a first-time homebuyer or looking to settle down in a family-friendly neighborhood, Ormewood Park offers the perfect blend of comfort, community, and convenience. Explore the possibilities of two-level living in this delightful Atlanta subdivision, and discover why so many are proud to call Ormewood Park home.

Newest Ormewood Park Homes with Two Levels

$815,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

Listing courtesy of Keller Knapp, Inc.

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