For Sale
$275,000

521 Joseph E Lowery BlvdAtlanta, GA 30314

5-Unit, High-Occupancy Property

Overview

Added:
Dec 11, 2024
Days on market:
113
This renovated 1930s, 1-story, 1,512 sq ft rooming house in Atlanta, GA offers a compelling investment opportunity. Located on a 6,000 sq ft lot (APN: 14-0111-0001-169-9) and zoned R5, the property boasts five units with 100% occupancy as of September 28, 2023, generating a current NOI of $2,800 per month. The property underwent renovations in 2023 and features five well-appointed rooms, each designed for comfortable boarding. Current rental income includes three inherited tenants and two new tenants paying $625 and $650 respectively. Two additional tenants currently pay $535, with planned increases to $595, and one pays $500, with a planned increase to $565. This presents a strong potential for future revenue growth. The property's prime location in Atlanta offers easy access to local amenities, public transportation, and major thoroughfares, making it highly attractive to tenants. The asking price is $275,000, representing a strong return on investment for both seasoned and new investors. This turnkey solution provides immediate income and the potential for value appreciation through future management and upgrades. The property is investor-owned and represents a rare opportunity to acquire a stable, income-generating asset in a thriving Atlanta neighborhood.

Highlights

  • Strong cash flow with upside potential through minor renovations and rent increases.
  • Turnkey investment opportunity in Atlanta's vibrant residential market, suitable for both experienced and new investors.
  • Excellent location near amenities, public transportation, and major roadways, attracting a strong tenant pool.
  • Five-room boarding house offering a mix of private and shared living spaces.
  • Currently generating $2,800 in gross monthly rent.
  • Stable income stream from a diverse mix of long-term and new tenants.

Property Details for 521 Joseph E Lowery Blvd

Property type
Apartment buildings
Square Feet
1,512 SF
Class
C
Year Built/Renovated
1930/2023
Buildings
1
Stories
1
Units
5

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7690031
Longitude
-84.417205
521 Joseph E Lowery Blvd, Atlanta, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
521 Joseph E Lowery Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message