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$345,000

Est. payment - /mo

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8,276 Sqft Lot

New

10 Rockmart DR NW Atlanta, GA 30314

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MaryLou Luhring

marylou.luhring@gmail.com +1(404) 993-2296

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

Subdivision Hunter Hills

MLS Listing ID 10517304

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1940

Annual Tax Amount $716

Tax Year 2023

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 8276.4

Property Sub-Type Multi Family

Property Description

Turn this duplex-style single-family home into a $72,000-per-year Airbnb money-making machine! This property offers an incredible opportunity to generate up to $6,000 in monthly gross income with the simple addition of a basement conversion, transforming it into a three-unit triplex. Currently, Unit A is a 1-bedroom, 1-bath main unit, while Unit B is a 1-bedroom, 1-bath in-law suite. With a straightforward renovation, the basement can be converted into a studio apartment, maximizing the property's full income potential. 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

Rooms

Basement Unfinished

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 4.0

Community Features Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Underground Utilities

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces GPS Friendly

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools F L Stanton

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 014100020397

Special Listing Condition Updated/Remodeled

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MaryLou Luhring

Agent | License ID: 395223

+1(404) 993-2296

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