$5,166 Closing Credit¹
#7483125, John Lewis, Listing Office: Chapman Hall Realtors
$435,000 List price
2966 Old Jonesboro Rd SW Atlanta, GA 30315
$5,166
Closing credit¹
0.3 acres
House
Property details
About 2966 Old Jonesboro Rd SW
Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+ Monthly Income 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
HeatingElectric, Forced Air, Other
StatusActive
CoolingCeiling Fan(s), Central Air, Window Unit(s)
BasementYes
Lot size0.285 Acres
Year built1940
ParkingGuest, Kitchen Level, Over 1 Space per Unit, Parking Pad, Side/Rear Entrance
MLS #10409338
Summary
- MLS Number: 10409338
- MLS Name: Georgia MLS 2
- Office Name: Chapman Hall Realtors
- Office Phone: (770) 979-3228
- Office Email: Jlewis@saffordsells.com
- Listing Agent: John Lewis
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
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, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$435,000
2966 Old Jonesboro Rd SW
$5,166
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 17, 2023 | Home Sold | $331,750 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $143,640 | $5,946 |
| 2022 | $124,400 | $5,150 |
| 2021 | $89,600 | $4,117 |
| 2020 | $77,120 | $3,192 |
| 2019 | $60,320 | $2,478 |
| 2017 | $16,000 | $691 |
History based on county public records data.
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. The majority of Atlanta, GA residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area 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?
UFC- Pro Boxing
Figure Skating
Where do the neighbors shop?
Family Dollar
Burlington
Books-a-Million
Where do the neighbors go to eat?
Burger King
Popeyes
Church's Chicken
What do the neighbors drive?
Buick
Dodge
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2966 Old Jonesboro Rd SW
This home is located at 2966 Old Jonesboro Rd SW 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.
Atlanta, GA housing market in February 2025 saw over 147 listings sold above listed price, more than 168 sold at listed price and over 455 sold below. Between January and February 2025, Atlanta, GA real estate market has seen increase in the number of listings by 20%. In February 2025, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $421,346.
From Rocket Homes Real Estate and based on county public records data.