2966 Old Jonesboro Road Southwest
Description
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:...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!).? 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!).
- Listed by John Lewis • Chapman Hall Realtors
Property Details for 2966 Old Jonesboro Road Southwest
Property Details for 2966 Old Jonesboro Road Southwest
| Status | Active |
|---|---|
| MLS # | 7483125 |
| Days on Market | 43 |
| Taxes | $5,034 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Other |
| Year Built | 1940 |
| Lot Size | 0.28 AC / 12,414 SF |
| County | Fulton County |
Building Information for 2966 Old Jonesboro Road Southwest
Property Information for 2966 Old Jonesboro Road Southwest
- Community Features: Other, Public Transportation, Sidewalks, Street Lights
- Directions: GPS
- Lake Name: None
- View: Other
- Coordinates: -84.407053, 33.673981
- Parcel Number: 14 009300031244
- Tax Year: 2022
- Association: No
- Block: 0
- Tax Legal Description: 14-0093-0003-124-4
- Tax Lot: 0
- School Bus Route Elem: Yes
- School Bus Route High: Yes
- School Bus Route Middle: Yes
- Elementary School: Emma Hutchinson
- High School: South Atlanta
- Middle School: Crawford Long
- Virtual Tour Link PP: https://www.propertypanorama.com/2966-Old-Jonesboro-Road-Atlanta-GA-30315/unbranded
- Open Parking: Yes
- Cooling: Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
- Heating: Electric, Forced Air, Other, Wall Unit(s)
- Flooring: Carpet, Laminate, Other
- Levels/Stories: Three Or More
- Window Features: Double Pane Windows
- Bathrooms Total Interger: 0
- Accessibility Features: None
- Construction Materials: Brick, Frame
- Dock: None
- Fencing: None
- Roof Type: Composition, Shingle
- Security Features: Carbon Monoxide Detector(s)
- Pool Private: No
- Sewer: Public Sewer
- Utilities: Cable Available,Electricity Available,Natural Gas Available,Other,Sewer Available,Water Available
- Water Source: Public
- Home Warranty: No
- Plat Book: 0
- Plat Page: 0
- Property Condition: Updated/Remodeled
- Possession: Close Of Escrow
- Green Energy Efficient: None
- Green Energy Generation: None
- Section/GMD: 0
- Land lot: 0
- Lot Features: Level, Private
- Acreage Source: Assessor
- Waterfront Footage: 0.0
- Unit Count: 4
- NUM OF UNITS: 4
- Gross Annual Income: $4,600.00
- N.O.I. $: $.00
- Annual Expenses: $.00
- Unit Deposit Amount: $650.00
- Unit Electric Included: Yes
- Unit Features: Dishwasher, Range/Oven, Refrigerator
- Unit Garbage Included: Yes
- Unit Gas Included: Yes
- Unit Half Baths: 0
- Unit Maintenance Included: Yes
- Unit Occupant: Tenant Occupies
- Unit Water Included: Yes
- Unit Rent Amount: $650.00
- Unit Full Baths: 1
- Unit Bedrooms: 1
- Unit Deposit Amount: $1,150.00
- Unit Electric Included: Yes
- Unit Features: Dishwasher, Range/Oven, Refrigerator
- Unit Garbage Included: Yes
- Unit Gas Included: Yes
- Unit Half Baths: 0
- Unit Maintenance Included: Yes
- Unit Occupant: Tenant Occupies
- Unit Water Included: Yes
- Unit Rent Amount: $1,150.00
- Unit Full Baths: 1
- Unit Bedrooms: 1
- Unit Deposit Amount: $1,050.00
- Unit Electric Included: Yes
- Unit Features: Dishwasher, Range/Oven, Refrigerator
- Unit Garbage Included: Yes
- Unit Gas Included: Yes
- Unit Half Baths: 0
- Unit Maintenance Included: Yes
- Unit Occupant: Tenant Occupies
- Unit Water Included: Yes
- Unit Rent Amount: $1,050.00
- Unit Full Baths: 1
- Unit Bedrooms: 1
- Unit Deposit Amount: $1,500.00
- Unit Electric Included: Yes
- Unit Features: Dishwasher, Range/Oven, Refrigerator
- Unit Garbage Included: Yes
- Unit Gas Included: Yes
- Unit Half Baths: 0
- Unit Maintenance Included: Yes
- Unit Occupant: Vacant
- Unit Water Included: Yes
- Unit Rent Amount: $1,500.00
- Unit Full Baths: 1
- Unit Bedrooms: 3
- Occupant Types: Tenant
Property History for 2966 Old Jonesboro Road Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2966 Old Jonesboro Road Southwest
Schools near 2966 Old Jonesboro Road Southwest
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Hutchinson Elementary School PublicPK to 5 | ||
Long Middle School Public6 to 8 | ||
South Atlanta High School Public9 to 12 | ||
Hank Aaron New Beginnings Academy Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Chapman Hall Realtors, John Lewis
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
