219 Joseph E Lowery Sw Boulevard, Atlanta, GA 30314
- $300,000
- 4
- BD
- 2
- BA
- 1,379
- SqFt
- List Price
- $300,000
- Days on Market
- 62
- Price Change
- ▼ $25,000 1782171187
- MLS#
- 7778016
- Year Built
- 1930
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,379
- Lot Size
- 4,007
- Acres
- 0.09
Property Description
Turnkey Student Housing Investment Opportunity in the Heart of Atlanta! Investment Property Hitting The 1% Rule Just In Time For The 2026 World Cup In Atlanta. Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!
Additional Information
- Taxes
- $4,869
- Property Description
- Ranch
- Interior Layout
- Disappearing Attic Stairs, High Ceilings, High Speed Internet
- Interior Features
- Disappearing Attic Stairs, High Ceilings, High Speed Internet
- Kitchen Features
- Solid Surface Counters
- Appliances
- Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Available, Water Available
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Cement Siding, Concrete, Other
- Exterior Features
- None
- Roof
- Composition
- Pool
- None
- Elementary School
- M. A. Jones
- Middle School
- Herman J. Russell West End Academy
- High School
- Booker T. Washington
Listing courtesy of Keller Williams Realty Atl Partners. Contact:
Listing Courtesy Of Keller Williams Realty Atl Partners, Contact:
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