219 Joseph E Lowery Boulevard SW,Atlanta, GA 30314
Atlanta, GA 30314
Description
Turnkey Student Housing Investment Opportunity in the Heart of Atlanta Hitting The 1% Rule! Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants (although it DOES NOT have to) on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!
Details
| MLS # | 10772654 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 131 |
| Listing Provided By | Keller Williams Realty Atl. Partners | Adam Lewis |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,379 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.09 |
| Property View | Yes |
Interior
| Appliances | Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer |
|---|---|
| Interior Features | High Ceilings, Master On Main Level, Roommate Plan |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Room Kitchen Features | Solid Surface Counters |
| Laundry Features | Common Area, In Hall |
Exterior
| Lot Features | City Lot |
|---|---|
| Construction Materials | Concrete, Other |
| Roof | Composition |
| Fencing | Back Yard |
| Patio And Porch Features | Porch |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Attached, Parking Pad |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, High Speed Internet, Sewer Connected, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 4868.59 |
|---|---|
| Tax Year | 24 |
Location
| Community Features | Near Public Transport, Walk To Schools, Near Shopping |
|---|
Area Information
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30314 |
| Area | Fulton |
| Community Name | Ashview Heights |
| School District | Booker T Washington |
| Elementary School | Jones |
| High School | Booker T Washington |
| Listing VS Median (in Ashview Heights) | |
Price: $275,000 low | high Med: $399,000 sqft: 1,379 low | high Med: 1,305 $ / sqft: $199 low | high Med: $306 On site: 131 low | high Med: 203 | |
Market Activity 30314
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30314 |
| Area | Fulton |
| Community Name | Ashview Heights |
| School District | Booker T Washington |
| Elementary School | Jones |
| High School | Booker T Washington |
| Listing VS Median (in Ashview Heights) | |
Price: $275,000 low | high Med: $399,000 sqft: 1,379 low | high Med: 1,305 $ / sqft: $199 low | high Med: $306 On site: 131 low | high Med: 203 | |
