Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+ Monthly Income Looking for steady cash flow and strong rental income potential? This 4-unit property offers an outstanding $4,600+ in monthly income and the flexibility to be rented long-term or converted to short-term rentals (Airbnb). Located in a highly desirable area near downtown Atlanta, this property is perfect for savvy investors looking to capitalize on both consistent cash flow and property appreciation. Property Highlights: $4,600+ Monthly Cash Flow: With three of the four units currently occupied (Unit #3 is available), this property provides immediate income with the potential for further revenue growth through short-term rentals like Airbnb. Updated and Move-In Ready: Two of the units have been fully renovated in 2023, ensuring modern finishes and reducing immediate maintenance needs. All units feature new vinyl hardwood flooring (no carpet), which enhances appeal and simplifies upkeep. Flexibility in Leasing: The property's versatile rental options (long-term or short-term) make it a great investment for maximizing returns, depending on market conditions and tenant demand. Unit Breakdown: Unit 1 - Fully Renovated Basement Apartment (2023) Private entrance with a basement-level entry (5 steps down). Brand new kitchen with granite countertops, stainless steel appliances (fridge stove), and a modern stainless steel sink. New vinyl hardwood flooring (no carpet!). Updated bathroom and fixtures. Shared washer/dryer with Unit 2, located in the hallway between both units. Unit 2 - Fully Renovated Large Studio/1-Bedroom Basement Apartment (2023) Private entrance, with a modern open-concept studio/1-bedroom layout. New kitchen featuring granite countertops, stainless steel appliances (fridge stove), and new stainless steel sink. Updated bathroom with new vanity and light fixtures. New vinyl hardwood flooring (no carpet!).
Closed
$365,500
2966 Old Jonesboro Rd SW, Atlanta, GA 30315
6beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1940
-- sqft lot
$417,100 Zestimate®
$--/sqft
$2,336 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 06:37am
Listed by:
John Lewis 770-979-3228,
Chapman Hall Realtors
Bought with:
John Lewis, 268113
Chapman Hall Realtors
Source: GAMLS,MLS#: 10409338

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Electric, Forced Air, Other
Cooling
- Ceiling Fan(s), Central Air, Window Unit(s)
Features
- Basement: Bath Finished,Daylight,Exterior Entry,Finished,Interior Entry
- Has fireplace: No
Property
Parking
- Parking features: Guest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.29 Acres
Details
- Parcel number: 14 009300031244
- Special conditions: Investor Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & neighborhood
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Atlanta
- Subdivision: Atlanta-Fulton
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
Services availability
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$417,100
2% more+$8,342
With Zillow Showcase(estimated)$425,442