208 Doane St
Atlanta, GA 30315
$1,395,000
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
- Zip Code30315
- CityAtlanta
- CountyFulton - GA
Location
- ElementaryFulton - Other
- JuniorSylvan Hills
- HighMaynard Jackson
Schools
- StatusActive
- MLS #7544001
- TypeResidential
MLS Data
- Bedrooms10
- Bathrooms2
- BasementCrawl Space
- HVACCentral Air
Interior Details
- ConstructionBrick
- Built In1955
- StoriesArray
- ParkingAttached
- SewerPublic Sewer
- Lot Dimensions9540
- Acres0.219
Exterior Details
Listing Provided Courtesy Of: Atlanta Leasing & Investment 404-348-4448
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Data Last updated on April 5, 2025 7:54pm