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.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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