770-967-9889 info@funarirealty.com
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$1,200,000
75 Days On Site

879 Parsons ST SW
Atlanta, GA 30314

For Sale|Residential Income|Active
0
Beds
0
Total Baths
2010
Built
Subdivision:
Steuerwald
County:
Fulton

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879 Parsons ST SW879 Parsons ST SW879 Parsons ST SW879 Parsons ST SW
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Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, itCOs a perfect 1031 exchange candidate or even for a first time investment. 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. Property is great for DSCR loan or even a 1031 exchange.

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Listing Snapshot
Price 
$1,200,000
Days On Site 
75 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
2010
MLS® Number 
10506819
Status 
Active
Property Tax 
$10,600
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.1
Foundation 
Slab
Number Of Stories 
3
Parking 
Off Street
Sewer 
Public Sewer
Stories 
Three Or More
Utilities 
Underground Utilities
Water Source 
Public
Interior Features
Basement 
None
Cooling 
Ceiling Fan(s)Central Air
Heating 
Central
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Exterior Features
Construction Details 
BrickConcrete
Waterfront Features 
NONE
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashConventionalFHAVA Loan
Schools
School District
Unknown
Elementary School
Jones
Middle School
Brown
High School
Washington
Listing courtesy of Boulevard



Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Last checked: 2025-07-08 09:49 AM UTC

Neighborhood & Commute
Source: Walkscore
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