879 Parsons Street SW

Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It’s a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan. Specifically built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Do not miss this immediate strong cash flow.

Property Details

• 

  Bedroom

• 

  0 Bathroom

• 

  Sq.Ft

• 

  City - Atlanta

• 

  GAMLS2 Price - Null

• 

  0 Lot Size sq.ft

• MLS Status

  Active

Directions

From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left

Additional Information

• Parking Features

  Driveway, Paved

• FMLS Listing Number

  7715525

• Listing Provided By

  Keller Williams Buckhead

• Attribution Contact

  404-604-3800

• Last Updated On

  2026-02-06 23:12:22

• Fire Places

• OnMarket Date

• Lot Size Acres

  0.1

• YearBuilt

  2010

• Occupant Type

• Association Fee

• GAMLS2 Price Per SquareFoot

  Null

• Roof

  Composition

• Property Condition

  Resale

• Water Source

  Public

• Window Features

  None

• Construction Materials

  Brick, Cement Siding, Fiber Cement