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$815,000

For Sale

19 hours ago

585 Warwick St Se, Atlanta, GA

House

MLS® 7816242

0 Bed

0 Bath

--

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $6,600
Days Active 0
Lot Size 0.14 Acres
Approx. Age 1940
MLS® Number 7816242

Property Address: 585 Warwick St Se, Atlanta, GA, 30316-1827

Average square foot calculated using Size range provided by listing agent.

Description

Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815, 000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4, 575/month ($54, 900 annual gross rent) Lease Term: July 14, 2026 – July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.
MLS® Number7816242
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
Basement
DrivewayDriveway
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 5, 2026List Date
$815,000List Price
  • Commute

Commute

Starting Address
Destination Address
585 Warwick St Se, Atlanta, GA

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