2966 Old Jonesboro Road Southwest

Closed 4/24/25
Closed 4/24/25
Gallery Image 1
Sold
Last Sold Price
$365,500
6 beds

2966 Old Jonesboro Rd SW, Atlanta, GA 30315

Multi FamilyProperty Type
0.28 acresLot Size
1940Year Built
6 carsParking Spaces

Description

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...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!).? 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!).
  • Listed by: JOHN LEWIS • Chapman Hall Realtors
Listing closed: 04/24/2025 12:00 AM • Source: FMLS, MLS#: 7483125
See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Chapman Hall Realtors, JOHN LEWIS

Sold By Chapman Hall Realtors, JOHN LEWIS

Add your commute
Payment Calculator

Get preapproved with Rocket Mortgage1

$2,371 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,951

Property Taxes

$420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
Know your buying power with a preapproval and custom rate in minutes
Rocket Mortgage1

Property Information for 2966 Old Jonesboro Road Southwest

Property Details

  • Taxes: $5,034 / year
  • MLS Type: Residential Income / Quadruplex
  • County: Fulton County
  • Subdivision Complex: Atlanta-Fulton
  • Parking Features: Attached, Driveway, Garage, Level Driveway, Parking Lot
  • Property Attached: No
  • Waterfront Features: None
  • Furnished: Unfurnished

Building Information

  • Stories: 3
  • Residences: 4
  • Year Built: 1940
  • Lot Size: 0.28 AC / 12,414 SF

Summary

Location and General Information
  • Community Features: Other, Public Transportation, Sidewalks, Street Lights
  • Directions: GPS
  • Lake Name: None
  • View: Other
  • Coordinates: -84.407053, 33.673981
Taxes and HOA Information
  • Parcel Number: 14 009300031244
  • Tax Year: 2022
  • Association: No
  • Block: 0
  • Tax Legal Description: 14-0093-0003-124-4
  • Tax Lot: 0
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Emma Hutchinson
  • High School: South Atlanta
  • Middle School: Crawford Long
Parking
  • Open Parking: Yes

Agent

Payment and Rate
  • Concessions Amt: $.00

Interior and Exterior Features

Interior Features
  • Cooling: Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
  • Heating: Electric, Forced Air, Other, Wall Unit(s)
  • Basement: Bath Finished, Daylight, Exterior Entry, Finished, Interior Entry
  • Flooring: Carpet, Laminate, Other
  • Levels/Stories: Three Or More
  • Window Features: Double Pane Windows
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick, Frame
  • Dock: None
  • Fencing: None
  • Roof Type: Composition, Shingle
  • Security Features: Carbon Monoxide Detector(s)
  • Pool Private: No

Property

Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Other,Sewer Available,Water Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Proposed Financing: Assumable, Cash, Conventional, Lease Purchase, Owner May Carry, Owner Second
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Updated/Remodeled
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 0
  • Lot Features: Level, Private
  • Acreage Source: Assessor
  • Waterfront Footage: 0.0

Multi Family

Multi-Family Information
  • Unit Count: 4
  • NUM OF UNITS: 4
Income & Expenses Information
  • Gross Annual Income: $4,600.00
  • N.O.I. $: $.00
  • Annual Expenses: $.00
Unit 1
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $650.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Unit 2
  • Unit Deposit Amount: $1,150.00
  • Unit Electric Included: Yes
  • Unit Features: Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,150.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Unit 3
  • Unit Deposit Amount: $1,050.00
  • Unit Electric Included: Yes
  • Unit Features: Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,050.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Unit 4
  • Unit Deposit Amount: $1,500.00
  • Unit Electric Included: Yes
  • Unit Features: Dishwasher, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,500.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 3

Rental

Rent Information
  • Terms: Cash
  • Occupant Types: Tenant

Public Records for 2966 Old Jonesboro Road Southwest

Taxable Value

Land

$20,200

Additions

$111,200
Total$131,400

Tax Record

2025

$5,375 ($448 / month)

Home Facts

Beds

3

Baths

2

Total Finished SqFt

1,867 SqFt

Above Grade Finished SqFt

1,867 SqFt

Stories

1

Lot Size

12,405 SqFt

Style

Single Family Residence

Year Built

1940

Year Renovated

1980

Zoning

R4

County

FULTON

APN

14 009300031244

Schools near 2966 Old Jonesboro Road Southwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Hutchinson Elementary School
Public - PK to 5
Long Middle School
Public - 6 to 8
South Atlanta High School
Public - 9 to 12
Hank Aaron New Beginnings Academy
Public - 6 to 12
Rating
School
Distance
Hutchinson Elementary School
PublicPK to 5

Long Middle School
Public6 to 8

South Atlanta High School
Public9 to 12

Hank Aaron New Beginnings Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chapman Hall Realtors, JOHN LEWIS

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.