Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta.
This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018.
Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018.
Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
Listing Provided Courtesy of Atlanta Leasing & Investment
Property Details
Price:
$1,395,000
MLS #:
7544001
Status:
Active
Beds:
10
Baths:
2
Address:
208 Doane St
Type:
Single Family
Subtype:
Single Family Residence
City:
Atlanta
Listed Date:
Mar 19, 2025
State:
GA
Finished Sq Ft:
7,840
Total Sq Ft:
7,840
ZIP:
30315
Year Built:
1955
Schools
Elementary School:
Fulton – Other
Middle School:
Sylvan Hills
High School:
Maynard Jackson
Interior
Appliances
Other
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Other
Heating
Central
Laundry Features
Other
Exterior
Architectural Style
Other
Community Features
None
Construction Materials
Brick
Exterior Features
Other
Other Structures
None
Parking Features
Attached
Roof
Asbestos Shingle
Security Features
Carbon Monoxide Detector(s), Fire Alarm
Financial
Tax Year
2024
Taxes
$13,839
Map
Community
- Address208 Doane St Atlanta GA
- SubdivisionNONE
- CityAtlanta
- CountyFulton – GA
- Zip Code30315
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208 Doane St
Atlanta, GA
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