1091 Longley AveAtlanta, GA 30318

Property Details for 1091 Longley Ave

Year built

1920

Property size (Sq ft)

1,239 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents three adjacent, fully occupied single-family homes in Atlanta's desirable Howell Station neighborhood. Built in 1920 and renovated in 2020, these Class A properties boast a combined 1,239-1,450 square feet and generate a substantial $90,000 annual net operating income (NOI), representing a 6.00% cap rate. Each unit commands a monthly rent between $2,829 and $3,000, totaling $8,679 monthly. The properties are situated on Longley Ave NW, in Fulton County, with convenient off-street parking. Their prime location near the Westside Paper development, BeltLine, and Westside Park offers significant redevelopment potential within Atlanta's largest planned greenspace. This stabilized, investor-owned portfolio presents a rare chance to acquire a piece of Atlanta history while capitalizing on the area's remarkable growth trajectory. The asking price is $1,500,000, or $500,000 per unit. This turnkey investment offers immediate return on investment and long-term appreciation potential in a thriving Atlanta community. The properties have been fully occupied since March 1, 2020.

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7848

Longitude

-84.4238

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