#10409338, John Lewis, Listing Office: Chapman Hall Realtors
2966 Old Jonesboro Rd Atlanta, GA 30315
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
Summary
- MLS Number: 7483125
- MLS Name: First Multiple Listing Service
- Office Name: Chapman Hall Realtors
- Office Phone: (404) 252-9500
- Listing Agent: John Lewis
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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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$435,000
2966 Old Jonesboro Rd
$5,166
closing credit¹
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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.
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.
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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.