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963 Saint Charles NE Avenue

$1,300,000

963 Saint Charles NE Avenue, Atlanta, GA 30306

Active
Last Updated: 12/11/2024

98,684

NOI

4

Units

Details:
NOI:    $98,684
Units:    4
Year Built:    1920
Parking Spots:    2
Highlights:
  • Lot Features: Level, Private
  • Gross Income: 122000
  • Bathrooms Total: 0
  • Cooling: Central Air, Multi Units, Wall Unit(s)
  • Heating: Central, Forced Air, Natural Gas
  • Flooring: Ceramic Tile, Hardwood
  • Construction Materials: Brick 3 Sides, Frame
  • Parking Features: Driveway, Varies by Unit
  • Accessibility Features: None
  • Security Features: None
Description:

This prime investment property in Virginia Highland offers a fantastic opportunity to generate income in one of Atlanta's most desirable neighborhoods. The main house features three rental units: a 1/1 with a long-term tenant, a 2/1 furnished unit currently listed on Airbnb as a short-term rental, and another 2/1 with a long-term tenant. In the backyard, you'll find a beautiful, fully furnished two-story carriage house (1/1) also rented out on Airbnb. The property has been well-maintained, with a new roof installed in February 2021 and all appliances in Units 1 and 3 replaced in 2021. Units 2 and 4 come fully furnished, making them turnkey for short-term rental use. Additionally, the property offers shared laundry facilities, two parking spaces behind the house with alley access, and additional parking in the front driveway. The location is unbeatable, with easy access to the Beltline, Virginia Highland Village, and key grocery stores like Publix, Whole Foods, and Trader Joe's. With a combination of long-term and short-term rentals, this property is a great opportunity for steady cash flow and long-term investment in a highly sought-after area.

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