$435,000

2966 Old Jonesboro Rd Atlanta, GA 30315

$5,166
Closing credit¹
0.3 acres
House

Property details

About 2966 Old Jonesboro Rd

Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,350 Monthly Income May be open to owner financing. Looking for steady cash flow and strong rental income potential? This 4-unit property offers an outstanding $4,600+ in monthly income and the flexibility to be rented long-term or converted to short-term rentals (Airbnb). Located in a highly desirable area near downtown Atlanta, this property is perfect for savvy investors looking to capitalize on both consistent cash flow and property appreciation. Property Highlights: ? $4,600+ Monthly Cash Flow: With three of the four units currently occupied (Unit #3 is available), this property provides immediate income with the potential for further revenue growth through short-term rentals like Airbnb. ? Updated and Move-In Ready: Two of the units have been fully renovated in 2023, ensuring modern finishes and reducing immediate maintenance needs. All units feature new vinyl hardwood flooring (no carpet), which enhances appeal and simplifies upkeep. ? Flexibility in Leasing: The property’s versatile rental options (long-term or short-term) make it a great investment for maximizing returns, depending on market conditions and tenant demand. Unit Breakdown: Unit 1 – Fully Renovated Basement Apartment (2023) ? Private entrance with a basement-level entry (5 steps down). ? Brand new kitchen with granite countertops, stainless steel appliances (fridge & stove), and a modern stainless steel sink. ? New vinyl hardwood flooring (no carpet!). ? Updated bathroom and fixtures. ? Shared washer/dryer with Unit 2, located in the hallway between both units. Unit 2 – Fully Renovated Large Studio/1-Bedroom Basement Apartment (2023) ? Private entrance, with a modern open-concept studio/1-bedroom layout. ? New kitchen featuring granite countertops, stainless steel appliances (fridge & stove), and new stainless steel sink. ? Updated bathroom with new vanity and light fixtures. ? New vinyl hardwood flooring (no carpet!).

Highlights

Home typeOther
HeatingElectric, Forced Air, Other
StatusActive
CoolingCeiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
Lot size0.285 Acres
Year built1940
ParkingAttached, Driveway, Garage, Level Driveway, Parking Lot
MLS #7483125
Attached garageYes
ViewOther

Summary

  • MLS Number: 7483125
  • MLS Name: First Multiple Listing Service
  • Office Name: Chapman Hall Realtors
  • Office Phone: (404) 252-9500
  • Listing Agent: John Lewis

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 7:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of home's exterior with a yard

$435,000

2966 Old Jonesboro Rd

$5,166

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

4

Emma Hutchinson Elementary School

Public District EE-5

0.5 mi

650 Cleveland Ave SW

6

Hapeville Elementary School

Public District PK-5

0.9 mi

3440 N Fulton Ave

5

Cleveland Avenue Elementary School

Public District PK-5

1.0 mi

2672 Old Hapeville Rd SW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $21,648. Typical income of Atlanta, GA residents is less than $<35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

67%
<35k
33%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

43%
Single, No Kids
33%
Single, with Kids
11%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

24%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Books-a-MillionBooks-a-Million

Where do the neighbors go to eat?

  • Burger KingBurger King
  • PopeyesPopeyes
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • BuickBuick
  • DodgeDodge
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Adult HitsAdult Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2966 Old Jonesboro Rd

This home is located at 2966 Old Jonesboro Rd in Atlanta, GA and zip code 30315 in the Southwestern Atlanta neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 7, 2024 and is currently priced at $435,000.

While more than 147 listings in Atlanta, GA in February 2025 were sold above asking price, there were more than 168 listings sold at asking price, and more than 455 were sold below. The inventory of homes for sale in Atlanta, GA between January and February 2025 increased by 20%. In February 2025 median list price was $421,346 and the average listing age was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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