1070 Mayson Turner Road NW, Atlanta, GA 30314

$475,000
: 10
BD
: 4
BA
: 3,645
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $475,000
Status: ACTIVE
Days on Market: 83
Price Change: ▼ $14,000 1784664742
MLS#: 10760935
Subtype: Residential
Style: Traditional
Year Built: 2007
Bedrooms: 10
Bathrooms: 4
Full Baths: 4
Living Area: 3,645
Lot Size: 10,890
Acres: 0.25
Subdivision: Washington Park

New Search

Property Description

Turnkey 10-cap professionally managed rental property, one block from the Westside Beltline. Rents average over $7,000 per month. Priced below 2026 appraisal, which came in at $500,000. Currently running at a 10% cap and 20% cash-on-cash ROI. Financials available upon request. Duplex-style: 5BR/2BA on each floor, two full kitchens, two laundry areas, separate entrances connected inside. Operates as two independent units. ~3,600 sq ft on a double lot. Two en-suites in place with space to add three more in the oversized bedrooms and wide upstairs hallway. Rents currently run below market. After a year of capital improvements, there's about $33,000/yr in identified upside between bringing furnished room rents to market and adding three additional en-suites, plenty of square footage to support it without major reconfiguration. Recent improvements: fresh paint, landscaping, front and back deck repair, gutter and downspout repair, new interior and exterior lighting, fully serviced crawlspace. TVs in most rooms. Interior and exterior camera security included. Location: 0.1 mi to bus stop on Joseph E. Boone, blocks from Ashby MARTA, steps from the Beltline. Adjacent to the Atlanta University Center. Floorplan, and full operating financials available. We have preferred coliving lenders that must be used for this transaction due to the setup of the home.

912-289-7355

Search All Properties

Additional Information