10 days on rocket

2966 Old Jonesboro Rd SW, Atlanta, GA, 30315

$485,000

Home List Price

$5,759*

Closing Credit

0 Baths
House

Location

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2966 Old Jonesboro Rd SW, Atlanta$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

ParkingGuest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance
Year Built1940
HeatingElectric, Forced Air, Other
CoolingCeiling Fan(s), Central Air, Window Unit(s)
BasementYes
MLS #10409338
Lot Size0.28 Acres
StatusActive
(New)

About 2966 Old Jonesboro Rd SW

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: (770) 979-3228
  • Listing Agent: John Lewis

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Guest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000

Tax Information:

  • Annual Amount: $3,193
  • Tax Year: 2020
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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

$421.4K

Med. Price/SqFt

$253

Avg. Days On Market

49

# of Sold Homes

1106

2966 Old Jonesboro Rd SW vs Atlanta

10 DAYS ON ROCKET

-39 Days

$485,000

+$63.5K More

KEY TAKEAWAY

This property is $63.5K more than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10409338

Listing Office:

  • Office Name: Chapman Hall Realtors
  • Office Phone: (770) 979-3228
  • Listing Agent: John Lewis

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,193$77,120
2019$2,478$60,320
2017$691$16,000

History based on county public records data.

Payment Calculator

$2,488

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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NMLS#3030

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-498776
4
/10

  • Emma Hutchinson Elementary School

  • 650 Cleveland Ave SW

  • 0.49 miles

  • Public District Grades EE-5

school-card-donut-498777
6
/10

  • Hapeville Elementary School

  • 3440 N Fulton Ave

  • 0.94 miles

  • Public District Grades PK-5

school-card-donut-498778
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. Typical income of Atlanta, GA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2966 Old Jonesboro Rd SW

What is the listing price of this property?

The listing price of 2966 Old Jonesboro Rd SW property is $485,000.

What type of property is this?

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

Is this property for sale now?

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

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,193 (source: MLS/based on county public records data).

Which year was this property built?

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

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

This home is located at 2966 Old Jonesboro Rd SW 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 $485,000.

While more than 184 listings in Atlanta, GA in October 2024 were sold above asking price, there were more than 249 listings sold at asking price, and more than 591 were sold below. The number of listings in Atlanta, GA increased by 15.6% between September 2024 and October 2024. In October 2024 median list price was $421,449 and the average listing age was 49 days.

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

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