1. Georgia
  2. Atlanta
  3. 208 Doane St
$1,395,000

208 Doane St, Atlanta, GA 30315

  • 10 beds |
  • 2 baths |
  • 7,840 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon9,540sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $178/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.

Listing Status:
Pending
Date Added:
March 19, 2025 at 05:00AM
Listing Office:
Atlanta Leasing & Investment : 404-348-4448
Listing Agent:
Stephan Dickie : 404-348-4448
MLS ID:
7544001

This listing courtesy of Stephan Dickie, Atlanta Leasing & Investment

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gideons Elementary School

897 Welch St SW, Atlanta, GA, 30310

Grades PK-5

0.62 miles away

M

Martin Luther King Jr. Middle School

545 Hill St SE, Atlanta, GA, 30312

Grades 6-8

0.98 miles away

G

G. W. Carver High School

55 McDonough Blvd SE, Atlanta, GA, 30315

Grades 9-12

0.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.