1070 Mayson Turner Nw Road, Atlanta, GA 30314
- $475,000
- 10
- BD
- 4
- BA
- 3,645
- SqFt
- List Price
- $475,000
- Price Change
- ▼ $14,000 1784664349
- MLS#
- 7767739
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family Residence
- Bedrooms
- 10
- Bathrooms
- 4
- Square Footage
- 3,645
- Lot Size
- 0.25
- Subdivision
- Washington Park
- Basement
- Yes
- Basement Description
- Full
Property Description
Turnkey 10-cap professionally managed rental property, one block from the Westside Beltline. Rents average over $7,000 per month. Priced below 2026 appraisal, which came in at $500,000. Currently running at a 10% cap and 20% cash-on-cash ROI. Financials available upon request. Duplex-style: 5BR/2BA on each floor, two full kitchens, two laundry areas, separate entrances connected inside. Operates as two independent units. ~3,600 sq ft on a double lot. Two en-suites in place with space to add three more in the oversized bedrooms and wide upstairs hallway. Rents currently run below market. After a year of capital improvements, there's about $33,000/yr in identified upside between bringing furnished room rents to market and adding three additional en-suites, plenty of square footage to support it without major reconfiguration. Recent improvements: fresh paint, landscaping, front and back deck repair, gutter and downspout repair, new interior and exterior lighting, fully serviced crawlspace. TVs in most rooms. Interior and exterior camera security included. Location: 0.1 mi to bus stop on Joseph E. Boone, blocks from Ashby MARTA, steps from the Beltline. Adjacent to the Atlanta University Center. Floorplan, and full operating financials available. We have preferred coliving lenders that must be used for this transaction due to the setup of the home.
Additional Information
- Style
- Traditional
- Stories
- One
- Construction
- Frame, Vinyl Siding, Concrete
- Year Built
- 2007
- Neighborhood Amenities
- Street Lights, Sidewalks, Curbs, Near Public Transport, Near Beltline, Near Schools, Near Shopping, Near Trails/Greenway, Park, Fitness Center, Tennis Court(s), Pickleball
- Kitchen Features
- Cabinets White, Eat-in Kitchen, Pantry, Second Kitchen, Pantry Walk-In, View to Family Room, Other
- Interior
- Entrance Foyer, High Ceilings 10 ft Main, His and Hers Closets, Low Flow Plumbing Fixtures, Walk-In Closet(s)
- Fireplaces
- 1
- Exterior
- Garden, Lighting, Private Entrance, Rain Gutters, Courtyard
- Roof
- Composition, Shingle
- Lot Dimensions
- 79x151x65x152
- Parking
- On Street, Driveway, Drive Under Main Level, Parking Pad
- Lot Desc
- Corner Lot, Sloped, Back Yard, Front Yard, Landscaped
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- M.R. Hollis Innovation Academy
- Middle School
- M.R. Hollis Innovation Academy
- High School
- Booker T. Washington
- Acres
- 0.25
- Levels
- One
- Taxes
- $9,232
Listing courtesy of Keller Williams Realty Metro Atlanta.
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