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!
Property Details
- Interior
- Disappearing Attic Stairs, High Ceilings, High Speed Internet
- Cooling
- Central Air
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 4
- Bathrooms
- 2.0
- Full Baths
- 2
- View
- City
- Lot Features
- Back Yard, Landscaped
- Stories
- 1
- Lot Description
- Back Yard, Landscaped
- Acres
- 0.0
- Square Feet
- 1379
- Lot Size (sqft)
- 0.0
- Parking Features
- Attached, Parking Pad
- Parking Type
- Garage
- Property Type
- Purchase
- Style
- Ranch
- Basement
- 1
- Basement Description
- Crawl Space, Exterior Entry
- Year Built
- 1930
- Foundation
- Raised
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Available, Water Available
- Appliances
- Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Subdivision
- Ashview Heights
- Community Features
- Curbs, Near Public Transport, Near Schools, Near Shopping
- Elementary School
- M. A. Jones
- Middle School
- Herman J. Russell West End Academy
- High School
- Booker T. Washington
- County
- Fulton - GA
- Region
- Atlanta
- Original List Price
- $325,000
- Taxes Annual
- $4,869
- Ownership
- Fee Simple
- MLS #
- 7778016
Location
Legal
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Provided By
Listed by Adam Lewis (#LEWISADA)
Listing Office: Keller Williams Realty Atl Partners (#KWRS08)
