Calling all investors!! Rear opportunity, 6 bedroom, 2.5 bath fully furnished rooming house. Excellent income opportunity. Currently generates $3000 per month in rent. Adjacent to the Morehouse and Clark Atlanta campuses, makes for great student housing. 6 working class tenants currently occupy the home on a month-to-month basis, leaving flexibility for any buyer. 17.5% Cap rate after expenses!!
Off market
$263,900
179 Raymond St SW, Atlanta, GA 30314
--beds
0baths
2,068sqft
MultiFamily
Built in 1920
-- sqft lot
$263,900 Zestimate®
$128/sqft
$1,860 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Refrigerator
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 2,068 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Wood
Lot
- Size: 3,789 sqft
Details
- Parcel number: 14010900040874
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- Frame
- Foundation: Crawl/Raised
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public Water
Community & neighborhood
Location
- Region: Atlanta
Other
Other facts
- AboveGradeFinishedAreaUnits: Square Feet
- BuildingAreaUnits: Square Feet
- LivingAreaUnits: Square Feet
- HeatingYN: true
- CoolingYN: true
- LeaseTerm: Other, Month To Month
- LotSizeUnits: Acres
- Basement: Crawl Space
- RentIncludes: Gas, Electricity, See Remarks, Water/Sewer, Trash Collection
- GrossIncome: 36000
- BelowGradeFinishedAreaUnits: Square Feet
- StructureType: Multi Family
- Sewer: Sewer Connected
- FarmLandAreaSource: Public Record
- LotDimensionsSource: Public Records
- WaterSource: Public Water
- ConstructionMaterials: Aluminum/Vinyl
- NetOperatingIncome: 27936
- OperatingExpense: 8064
- BeastPropertySubType: Multifamily
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$263,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$263,900