8,267 Sqft Lot
8,267 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Hunter Hills
MLS Listing ID 7509136
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1940
Annual Tax Amount $716
Tax Year 2023
Lot Size 8,267 Sqft
Acres 0.1898
Property Sub-Type Duplex
Property Description
The current monthly gross income ranges from $4,500 to $5,000 through Airbnb, VRBO, and other booking sites. Once the basement studio is complete, the projected revenue soars to $6,000 per month. Pictures 1 to 26 showcase the property in its current state, while pictures 27 to 49 illustrate how both units could look when beautifully staged for short-term rentals. Picture 50 presents a proposed loft-style design for the basement studio, giving a glimpse of what's possible with a creative touch and minimal investment.
Located just minutes from Downtown Atlanta and the Mercedes-Benz Stadium, this property is in a prime location for Airbnb bookings. The area boasts a 57% occupancy rate based on AirDNA data, with a 1-bedroom unit generating an estimated $24,000 in annual revenue—on the low end of projections. This is a rare chance to capitalize on a high-demand market while securing a steady, reliable income stream.
The seller has already obtained a $35,000 bid from a licensed contractor to convert the basement into a studio apartment and is willing to assist with the project after closing. Buyers can even use the seller's trusted contractor for a seamless renovation experience. A $5,000 seller credit is available toward closing costs, and buyers may qualify for down payment assistance programs and grants, making this opportunity even more accessible.
The property comes with a one-year home warranty for peace of mind, a clear and marketable title, and the seller's preference for a quick 14-day close. Whether you're an experienced investor or a first-time buyer, this property is a true gem with massive upside potential. Take advantage of this opportunity to create a high-performing Airbnb investment and watch your cash flow grow.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Vinyl
Window Features Window Treatments
Exterior
Parking Features Paved, Varies by Unit
Fence None
Community Features Other
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City
Roof Type Asbestos Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Aluminum Siding,Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools F.L. Stanton
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 014100020397
Acceptable Financing 1031 Exchange, Cash, VA Loan
Listing Terms 1031 Exchange, Cash, VA Loan
Special Listing Condition None
Virtual Tour https://idx.paradym.com/idx/10-Rockmart-Drive-NW-Atlanta-GA-30314/4903041/prt/37
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