2966 Old Jonesboro Road, Atlanta, GA 30315

$365,500

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$365,500
List Price
$435,000
Days on Market
141
Closing Date
Apr 24, 2025
MLS#
7483125
Year Built
1940
Lot Size
12,414
Acres
0.29

Property Description

Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,350 Monthly Income May be open to owner financing. 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!).

Additional Information

Taxes
$5,034
Utilities
Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available
Heating
Electric, Forced Air, Other, Wall Unit(s)
Air Conditioning
Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
Exterior Construction
Brick, Frame
Roof
Composition, Shingle
Elementary School
Emma Hutchinson
Middle School
Crawford Long
High School
South Atlanta

Listing courtesy of Chapman Hall Realtors. Contact:

Listing Courtesy Of Chapman Hall Realtors, Contact:

Selling Office: Chapman Hall Realtors.

board logoListings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 FMLS. Last updated

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks