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  • $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

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    What's special

    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!).

    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#: 10409338MLS Logo

    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
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    $417,100
    2% more+$8,342
    With Zillow Showcase(estimated)$425,442