1860 North Nw Avenue, Atlanta, GA 30318
- $235,000
- List Price
- $235,000
- MLS#
- 7725578
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.248
- Subdivision
- Grove Park
Property Description
Priced for the savvy investor, this high-performance value-add property (light cleanup, minor repairs and tree removal-roof was replaced in 2022 and HVAC was replaced in 2021) offers an immediate foothold in Atlanta’s rapidly appreciating Grove Park. Since 2022, the asset has established a robust performance history, currently generating an average monthly gross income of $3,764 (T-12) with a clear pro forma path to $4,805 and a projected 17.9% cash-on-cash return. This 1,770 sq ft residence features a high-density 7-bedroom, 2-bathroom layout perfectly optimized for a turnkey co-living investment. Situated on a quiet, well-maintained street backing up to a serene wooded buffer, the home offers a rare blend of privacy and premier accessibility—located just 250 feet from a MARTA stop and minutes from the heart of Downtown Atlanta. The property is strategically positioned to capitalize on the massive economic tailwinds surrounding Westside Park and major nearby redevelopments, including the 20-acre Cypress Grove project and the Microsoft-backed mixed-income community. With light renovations, an investor can maximize the existing revenue model in an "A+" location near prime shopping and dining. Featuring ample parking and situated in one of the city's most transformative growth corridors, 1860 North Avenue NW is a strategic asset ready to deliver immediate, scalable cash flow.
Additional Information
- Stories
- One
- Construction
- Frame, Shingle Siding, Wood Siding
- Year Built
- 1940
- Neighborhood Amenities
- Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Public Transportation, Street Lights
- Roof
- Shingle, Composition
- Lot Dimensions
- 58x182x58x182
- Parking
- Paved
- Lot Desc
- Rectangular Lot
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Woodson Park Academy
- Middle School
- John Lewis Invictus Academy/Harper-Archer
- High School
- Fulton - Other
- Acres
- 0.25
- Levels
- One
- Taxes
- $5,562
Listing courtesy of Keller Williams Realty Metro Atlanta.
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