1860 North Avenue NW,Atlanta, GA 30318
Atlanta, GA 30318
Description
Priced for the savvy investor, this high-performance value-add property (light cleanup, minor repairs and tree removal-roof was replaced in 2022 and HVAC was replaced in 2021) offers an immediate foothold in Atlanta's rapidly appreciating Grove Park. Since 2022, the asset has established a robust performance history, currently generating an average monthly gross income of $3,764 (T-12) with a clear pro forma path to $4,805 and a projected 17.9% cash-on-cash return. This 1,770 sq ft residence features a high-density 7-bedroom, 2-bathroom layout perfectly optimized for a turnkey co-living investment. Situated on a quiet, well-maintained street backing up to a serene wooded buffer, the home offers a rare blend of privacy and premier accessibility-located just 250 feet from a MARTA stop and minutes from the heart of Downtown Atlanta. The property is strategically positioned to capitalize on the massive economic tailwinds surrounding Westside Park and major nearby redevelopments, including the 20-acre Cypress Grove project and the Microsoft-backed mixed-income community. With light renovations, an investor can maximize the existing revenue model in an "A+" location near prime shopping and dining. Featuring ample parking and situated in one of the city's most transformative growth corridors, 1860 North Avenue NW is a strategic asset ready to deliver immediate, scalable cash flow.
Details
| MLS # | 10698942 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 181 |
| Listing Provided By | Keller Williams Realty | Kathleen Levy |
Features
| Story(s) | 1 |
|---|---|
| Units | 1 |
| Acreage | 0.25 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
| Laundry Features | Common Area, In Unit |
Exterior
| Construction Materials | Wood Siding, Vinyl Siding, Other |
|---|---|
| Foundation Details | Slab |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Pad |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 5562 |
|---|---|
| Tax Year | 2025 |
Location
| Community Features | Park, Street Lights |
|---|
Area Information
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30318 |
| Area | Fulton |
| Community Name | Grove Park |
| School District | Other |
| Elementary School | Woodson |
| High School | Other |
| Listing VS Median (in Grove Park) | |
Price: $235,000 low | high Med: $425,000 On site: 181 low | high Med: 91.5 | |
Market Activity 30318
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30318 |
| Area | Fulton |
| Community Name | Grove Park |
| School District | Other |
| Elementary School | Woodson |
| High School | Other |
| Listing VS Median (in Grove Park) | |
Price: $235,000 low | high Med: $425,000 On site: 181 low | high Med: 91.5 | |
