1 month on rocket

879 Parsons St SW, Atlanta, GA, 30314

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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879 Parsons St SW, Atlanta$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Parking Pad
Year Built2010
HeatingCentral
CoolingCeiling Fan(s), Central Air
MLS #10404726
Lot Size0.10 Acres
StatusActive

About 879 Parsons St SW

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. Gross income: $79 500 Potential Gross income: $137 100 Annual expenses: $42089.08 Potential Annual expenses: $41521.08 Actual NOI: $37410.92 Potential NOI: $95578.92 There is 4 parking spots in the driveway that are not assigned and are first come first served, but plenty of street parking. Property is great for DSCR loan or even a 1031 exchange.

Property Details

Property Features

Property Information:

  • Year Built: 2010

Listing Office:

  • Office Name: Boulevard
  • Listing Agent: Eve Hill

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Parking Pad

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000

Tax Information:

  • Annual Amount: $7,298
  • 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

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

879 Parsons St SW vs Atlanta

52 DAYS ON ROCKET

+5 Days

$1,200,000

+$778.1K More

KEY TAKEAWAY

This property is $778.1K more than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10404726

Listing Office:

  • Office Name: Boulevard
  • Listing Agent: Eve Hill

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: 12/21/2024, 10:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 17, 2021Home Sold
$725,000
May 24, 2004Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,298$176,280
2019$2,517$61,280
2017$8,811$204,000

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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-804385
5
/10

  • M. Agnes Jones Elementary School

  • 1040 Fair St SW

  • 0.35 miles

  • Public District Grades EE-5

school-card-donut-804386
4
/10

  • Slam Academy of Atlanta

  • 1150 Westview Dr SW

  • 0.59 miles

  • Public Charter Grades KG-5

school-card-donut-804387
3
/10

  • Kipp Ways Primary School

  • 350 Temple St NW

  • 1.00 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,068. The majority of Atlanta, GA residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Georgia›Fulton County›Atlanta›30314›879 Parsons St SW

This home is located at 879 Parsons St SW in Atlanta, GA and zip code 30314 in the Southwestern Atlanta neighborhood. This home, which was built in 2010, sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $1,200,000.

In November 2024 more than 147 listings in Atlanta, GA were sold above the asking price. During the same period more than 188 listings were sold at asking price, while more than 559 were sold below. The number of listings in Atlanta, GA increased by 5.4% between October 2024 and November 2024. Listings spent 47 days on the market in November 2024, and had a median list price of $421,834 during the same period.

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

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