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521 Joseph E Lowery Blvd Atlanta, GA 30314

For Sale
$275,000

5-Unit, High-Occupancy Property

Property size:
1,512 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
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.

Property Features for 521 Joseph E Lowery Blvd

General Information

Property type
Multifamily properties
Square Feet
1,512 SF
Class
C

Building Details

Year Built/Renovated
1930/2023
Buildings
1
Stories
1
Units
5

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Fulton
State
Georgia
Longitude
-84.417205
Latitude
33.7690031

FAQs

What type of property is this?
Multifamily property - 5-Unit, High-Occupancy Property
Where is this multifamily property located?
The property is located at 521 Joseph E Lowery Blvd Atlanta, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 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.
More about this property
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