Georgia
Atlanta
879 Parsons SW Street

$1,200,000

879 Parsons SW Street, Atlanta, GA 30314

other
Built in 2010
4,347sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, it’s a perfect 1031 exchange candidate or even for a first time investment. Built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Property is great for DSCR loan or even a 1031 exchange.

Listing Status:: Active
Date Added:: April 24, 2025 at 05:00AM
Listing Office:: Boulevard Homes, LLC : 678-439-0100
Listing Agent:: SUSAN BROWN : 678-848-4678
MLS ID:: 7562100

Flooring: Luxury Vinyl
A/C: Ceiling Fan(s)Central Air
Heating: Central
Disability Feature: None
Eco/Green Feature: NoneNone

This listing courtesy of SUSAN BROWN, Boulevard Homes, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

M. Agnes Jones Elementary School

1040 Fair St SW, Atlanta, GA, 30314

Grades EE-5

0.35 miles away

Herman J. Russell West End Academy

765 Peeples St SW, Atlanta, GA, 30310

Grades 6-8

1.20 miles away

Booker T. Washington High School

45 Whitehouse Dr SW, Atlanta, GA, 30314

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.