1 month on rocket

2966 Old Jonesboro Rd, Atlanta, GA, 30315

$465,000

Home List Price

$5,522*

Closing Credit

0 Baths
House

Location

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2966 Old Jonesboro Rd, Atlanta$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAttached, Driveway, Garage, Level Driveway, Parking Lot
Attached GarageYes
Year Built1940
HeatingElectric, Forced Air, Other
CoolingCeiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
WaterfrontNone
ViewOther
MLS #7483125
Lot Size0.28 Acres
StatusActive

About 2966 Old Jonesboro Rd

Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+ Monthly Income 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!).

Property Details

Property Features

Property Information:

  • Year Built: 1940

Listing Office:

  • Office Name: Chapman Hall Realtors
  • Office Phone: (404) 252-9500
  • Listing Agent: John Lewis

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Other

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Other

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Level Driveway, Parking Lot

Lot Features

Lot Information:

  • Lot: Level, Private
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Other
  • Cooling: Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000
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Housing Market Comparison

See how this home compares to others in Atlanta, GA.

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Atlanta, GA

City

Med. Sold Price

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

2966 Old Jonesboro Rd vs Atlanta

45 DAYS ON ROCKET

-2 Days

$465,000

+$43.1K More

KEY TAKEAWAY

This property is $43.1K more than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7483125

Listing Office:

  • Office Name: Chapman Hall Realtors
  • Office Phone: (404) 252-9500
  • Listing Agent: John Lewis

IDX Listings identified with the FMLS IDX logo come from FMLS and are 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 and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,388

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,461

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1012946
4
/10

  • Emma Hutchinson Elementary School

  • 650 Cleveland Ave SW

  • 0.49 miles

  • Public District Grades EE-5

school-card-donut-1012947
6
/10

  • Hapeville Elementary School

  • 3440 N Fulton Ave

  • 0.94 miles

  • Public District Grades PK-5

school-card-donut-1012948
5
/10

  • Cleveland Avenue Elementary School

  • 2672 Old Hapeville Rd SW

  • 1.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,648. The majority of Atlanta, GA residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2966 Old Jonesboro Rd

What is the listing price of this property?

The listing price of 2966 Old Jonesboro Rd property is $465,000.

What type of property is this?

The property 2966 Old Jonesboro Rd is a house located in Atlanta, Georgia, 30315.

Is this property for sale now?

Active Listing: 2966 Old Jonesboro Rd is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 2966 Old Jonesboro Rd is 1940.

Rocket Homes›Georgia›Fulton County›Atlanta›30315›2966 Old Jonesboro Rd

This home is located at 2966 Old Jonesboro Rd in Atlanta, GA and zip code 30315 in the Southwestern Atlanta neighborhood. This home, which was built in 1940, sits on a 0.28 acre lot. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $465,000.

Over 147 listings were sold over their listed price in November 2024 in Atlanta, GA. In the same period over 559 listings were sold below the listed price and 188 listings were sold for the listed price. The inventory of homes for sale in Atlanta, GA between October 2024 and November 2024 increased by 5.4%. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $421,834.

From Rocket Homes Real Estate and based on county public records data.

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