1964 North AVE NW, Atlanta, GA 30318 – 10602245 - Diana Thorne

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision North Avenue Nw

MLS Listing ID 10602245

Style Brick 3 Side,Brick Front,Brick/Frame,Ranch,Traditional

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1950

Tax Year 2024

Lot Size 10,802 Sqft

Acres 0.248

Lot Dimensions 10802.88

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

**Section 8 advantage** and **8.5% cap rate**: Exceptional Investor Opportunity - Guaranteed Section 8 Income | 8.5% Cap Rate** Rare chance to acquire a **TRUE 8.5% Cap Rate portfolio of 10 fully renovated homes (2022-2025)**, each with an **independent Tax ID**. All homes feature **2-4 bedrooms**, spacious living areas, updated kitchens with full appliance packages, modern baths, walk-in closets, **newer roofs and newer HVAC systems**, plus outdoor patios or decks. This portfolio is **100% Section 10 occupied**, ensuring **government-backed, reliable rental income** with reduced vacancy and collection risk. In today's Atlanta market, where most stabilized rental portfolios trade at **6-7% cap rates** (and even lower for new construction), this offering delivers **above-market returns with lower risk**. Properties are located in great areas **Grove Park, Atlanta BeltLine, Pittsburgh Yards, West End/Westview, and the new Atlanta Brewing development**, these homes sit squarely in the path of growth, surrounded by redevelopment, shops, and restaurants. A rare, stabilized, and cash-flowing Section 8 portfolio offering investors **high yield + security** in one of Atlanta's fastest-growing submarkets.

Location

State GA

County Fulton

Rooms

Basement Crawl Space

Interior

Interior Features Other

Heating Electric

Cooling Ceiling Fan(s),Central Air

Flooring Carpet,Hardwood,Laminate,Other

Fireplace No

Appliance Convection Oven,Dishwasher,Refrigerator

Laundry Common Area

Exterior

Parking Features Detached

Community Features None

Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available

View Y/N Yes

View City

Roof Type Composition

Garage Yes

Private Pool No

Building

Lot Description Level

Faces None provided at this time

Sewer Public Sewer

Water Public

Architectural Style Brick 3 Side,Brick Front,Brick/Frame,Ranch,Traditional

Structure Type Other

New Construction No

Schools

Elementary Schools Woodson

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 017500120154

Special Listing Condition Updated/Remodeled