1091 Longley Ave Atlanta, GA 30318
- Residential income homes
- 1,239 SF
Current Use by Public Records
- Residential income homes
Property Details for 1091 Longley Ave
- Year built
- 1920
- Property size
- 1,239 SF
- Property type
- Residential income homes
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.4237573
- Latitude
- 33.7847908
