Off-Market Property at 1416 Mcpherson Ave, Atlanta, GA 30316

1416 Mcpherson Ave, Atlanta, GA 30316

$575,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $206 per day and long-term for an average of $3,543 per month, based on similar listings in the area. Estimated short-term cap rate of 0.9%. Estimated long-term cap rate of 0.1%. WELCOME to this beautifully renovated bungalow in the heart of East Atlanta! This new renovation is from the inside out. Three bedrooms and three full bathrooms (3/3 not very common) and offers an open concept and huge back deck for grilling, entertaining, enjoying some me time with a great book, a cup of tea or coffee, a glass of wine, or however your wine down while soaking in the sun or enjoying the moonlit evening. Other features include a charming front porch and off-street parking with a fully fenced backyard and parking pad, all-new stainless steel kitchen appliances, a new roof, and a large attic. The neighborhood is active, with neighbors enjoying their community, jogging, and dog walking. You are conveniently within walking distance of East Atlanta Village. Just Minutes from the Beltline, I-20, Glenwood Park, Renyolds Town, Omerwood Park, Grant Park, Atlanta Zoo, Local Restaurants, Coffee Shops, Dog Parks, Shopping, and Public Transportation. 15 minutes to Hartfield Jackson Airport, 5 miles from Mercedes Benz Stadium, State Farm Arena, The Georgia Aquarium, and much more. This is quintessential ATL living. PLUS - Brandon Dainas with Shelter Mortgage offers lender concessions to buy down your interest rate by 1%!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5087
Bedrooms
3
Bathrooms
3
SQFT
2,135
Furnished
N/A
Year built
1925
Listing Status
Off Market
MLS
10392565

Short-term Rental Potential
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$46,848

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$269

Price/SQFT

Long-term Rental Potential
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$42,516

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,543/mo

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