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$290,000
4 Beds ⋅ 2 Baths ⋅ 10772654 MLS
Turnkey Student Housing Investment Opportunity in the Heart of Atlanta Hitting The 1% Rule! Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!

219 Joseph E Lowery Boulevard SW, Atlanta

Listing courtesy of Keller Williams Realty Atl. Partners.

$260,000
3 Beds ⋅ 2 Baths ⋅ 10725133 MLS
Two homes. One lot. One smart purchase. 943 Washington Place SW is not your average listing. This property delivers two completely separate living spaces under one roof: a 2 bedroom, 1 bathroom main home and a private rear 1 bedroom, 1 bathroom secondary unit - each with its own exterior entrance and living area, with no interior connection between them. Two distinct homes. One deed. Listed in tax records as a duplex. Combined: 3 bedrooms, 2 bathrooms, 1,770 square feet. This is the setup that house-hackers, investors, and multi-generational families have been searching for. Live in the main home and let the rear unit generate income potential that offsets your mortgage. Lease both sides and capitalize on Atlanta's rental demand. Or keep both spaces for family - parents, adult children, or a caretaker - with the privacy and independence that separate exterior entrances provide. The location delivers. Minutes from Mercedes-Benz Stadium, State Farm Arena, the Lee + White District, downtown Atlanta, the Beltline, MARTA, and major interstates. Walkable to schools and surrounded by new development, local restaurants, and entertainment. Washington Place is a street that has already shown what this neighborhood can produce - and this property is priced well below that ceiling. Bring your vision. The potential here is in the structure, the location, and the numbers.

943 Washington Place SW, Atlanta

Listing courtesy of Keller Williams West Atlanta.

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