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Sold

893 Magnolia Street NW

893 Magnolia Street NW, Atlanta, GA 30314

$900,000

Investor Special in Prime Vine City -- Cash Flow Day One
Welcome to 893 Magnolia Street, a rare 5-unit multifamily opportunity in the heart of Vine City. Just steps from the AUC's HBCUs, MARTA, the BeltLine connector, Mercedes-Benz Stadium, and the massive wave of Westside redevelopment -- this location is as "future-proof" as it gets.
This property can be delivered fully leased and is producing strong income. Potential Income:
* (4) units -- 3BR/2BA at $2,400/month each
* (1) unit -- 2BR/2BA at $1,600/month
Total monthly income: $11,200
Total annual income: $134,400
Whether you're building your portfolio, executing a 1031 exchange, or looking for a value-add play in a booming submarket, this one hits every metric: size, location, tenant demand, and cash flow from the jump. With the World Cup right around the corner, Now is the time to get into this area while you still can!

Studio

6,255.22 Sq.Ft. lot

Hersh Shah

title Real Estate Agent | Proud Veteran
PHONE (470) 305-1130
EMAIL [email protected]
DRE # 396080

Features & Amenities

Interior

total bedrooms0
Flooring Carpet, Vinyl, Wood

Area & Lot

Status Sold
Lot Area6,255.22 Sq.Ft.
MLS® ID7682333
TypeResidential
YEAR BUILT1970
NeighborhoodAtlanta
Water FrontageNone
View DescriptionCity, Trees/Woods
Elementary SchoolFulton - Other
Middle SchoolHerman J. Russell West End Academy
High SchoolBooker T. Washington

Exterior

STORIES2
water SourcePublic
utilitiesSewer Available, Water Available
roofRidge Vents
lot featuresCul-De-Sac, Level, Rectangular Lot
parkingParking Lot
HEAT TYPECentral
AIR CONDITIONINGCentral Air
sewerPublic Sewer
Disability FeaturesNone
security FeaturesNone
Green featuresNone

Financial

Sales Price$900,000
Real Estate Tax $15,562/yr

Atlanta

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