Two-Bedroom Residential Income
For Sale
$199,900
1004 Vicksburg Place, Atlanta, GA 30350
Second-level condo with dual ensuite bedrooms, a sunroom, private deck, and views toward wooded surroundings and the lake.
Property Size1,102 SF
Price / SF$181.40
Days on Market102
Property Features for 1004 Vicksburg Place
General Information
Standard status
Active
Size
1,102 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
pool
tennis
gas fireplace
sunroom
deck
Building Details
Year Built
1982
Listing Agency:
Hirsh Real Estate- SandySprings.com
Listed By:
Marci Robinson
(404) 317-1138
Source:
Sandysprings
Added: Jul 10
Changed: Oct 11
Last Checked: Oct 16 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hirsh Real Estate- SandySprings.com
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Investment Insights
Based on property information with market context.
This 1,102-square-foot second-level condo, built in 1982, offers a two-bedroom, two-bathroom layout with hardwood flooring throughout. The open living and dining areas connect to a kitchen, while a gas fireplace adds a defined gathering feature. A naturally bright sunroom provides additional flexible space, and the private deck extends the living area outdoors. Each bedroom includes a private full bathroom, supporting comfortable separation for occupants, guests, or work-from-home use.
The residence is positioned beside the community pool and backs to wooded surroundings with lake views. Community amenities include a pool, tennis facilities, and guest parking. The property is located at 1004 Vicksburg Place in Atlanta, Georgia 30350, with access to nearby restaurants, parks, shopping, and GA-400.
The residence is positioned beside the community pool and backs to wooded surroundings with lake views. Community amenities include a pool, tennis facilities, and guest parking. The property is located at 1004 Vicksburg Place in Atlanta, Georgia 30350, with access to nearby restaurants, parks, shopping, and GA-400.
Key Highlights
- 1,102 SF second‑level condo with 2 bedrooms and 2 full bathrooms
- Private full bathroom attached to each bedroom
- Sunroom and private deck overlook wooded surroundings and lake views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,155
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
$243.1K
Cap Rate 7%
$173,643
$173.6K
Cap Rate 9%
$135,056
$135.1K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$23.1K $21.00/SF
− Vacancy
−$1.0K −$0.95/SF
EGI
$22.1K $20.06/SF
− OpEx
−$9.9K −$9.02/SF
NOI
$12.2K $11.03/SF
Area
Atlanta, GA
Vacancy
4.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
Cap Rate 7%
$173,643
Cap Rate 9%
$135,056
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.6K
NOI $12,155 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.1K
$269.6K – $359.4K
NOI $21,564 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 30350, GA
35,882
Population
19,892
Households
1.8
Avg Household Size
36
Median Age
63%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
2,848
Density / Sq Mi
$84,633
Median Household Income
$57,899
Median Earnings
$1,645
Median Rent
$512,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Second-level condo with dual ensuite bedrooms, a sunroom, private deck, and views toward wooded surroundings and the lake.
Where is this residential income property located?
The property is located at 1004 Vicksburg Place Atlanta, GA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,102 SF second‑level condo with 2 bedrooms and 2 full bathrooms; Private full bathroom attached to each bedroom; Sunroom and private deck overlook wooded surroundings and lake views
