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Virnalisi JohnsonKing

[email protected] +1(404) 290-6914

$235,000

Est. payment - /mo

10,802 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Grove Park

MLS Listing ID 10698942

HOA Y/N No

Year Built 1940

Annual Tax Amount $5,562

Tax Year 2025

Lot Size 10,802 Sqft

Acres 0.248

Lot Dimensions 10802.88

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Priced for the savvy investor, this high-performance value-add property (light cleanup, minor repairs and tree removal-roof was replaced in 2022 and HVAC was replaced in 2021) offers an immediate foothold in Atlanta's rapidly appreciating Grove Park. Since 2022, the asset has established a robust performance history, currently generating an average monthly gross income of $3,764 (T-12) with a clear pro forma path to $4,805 and a projected 17.9% cash-on-cash return. This 1,770 sq ft residence features a high-density 7-bedroom, 2-bathroom layout perfectly optimized for a turnkey co-living investment. Situated on a quiet, well-maintained street backing up to a serene wooded buffer, the home offers a rare blend of privacy and premier accessibility-located just 250 feet from a MARTA stop and minutes from the heart of Downtown Atlanta. The property is strategically positioned to capitalize on the massive economic tailwinds surrounding Westside Park and major nearby redevelopments, including the 20-acre Cypress Grove project and the Microsoft-backed mixed-income community. With light renovations, an investor can maximize the existing revenue model in an "A+" location near prime shopping and dining. Featuring ample parking and situated in one of the city's most transformative growth corridors, 1860 North Avenue NW is a strategic asset ready to deliver immediate, scalable cash flow.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement None

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplaces Number 1

Fireplace Yes

Laundry Common Area, In Unit

Exterior

Parking Features Parking Pad

Garage Spaces 5.0

Community Features Park, Street Lights

Utilities Available Sewer Connected

View Y/N No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Faces Head northwest on I-20 W to exit 53, turn right onto W Lake Ave NW for just over a mile, then turn left onto North Ave NW and travel about half a mile. The house is on your left.

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Wood Siding,Vinyl Siding,Other

New Construction No

Schools

Elementary Schools Woodson

Middle Schools Harper Archer

High Schools Other

Others

HOA Fee Include None

Tax ID 14 017500160234

Acceptable Financing 1031 Exchange, Cash, Other

Listing Terms 1031 Exchange, Cash, Other

Special Listing Condition Resale

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Virnalisi JohnsonKing

+1(404) 290-6914

Agent | License ID: 144248

Agent License ID: 144248

1860 North AVE NW Atlanta, GA 30318

Virnalisi JohnsonKing

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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