USAGAAtlantaWashington Park987 Harwell St Nw

$350,000

2 years ago

987 Harwell St Nw, Atlanta, GA

Name: 987 Harwell St Nw, For Sale in Atlanta - eXp Realty
Brand: Realty Hub of Georgia, LLC
SKU: 10684278
Price: 350000 USD

House

4 Bed

2 Bath

1317 sqft

MLS® 10684278

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1317 sqft

Garage No

Taxes $2,752

Days Active 564

Lot Size 0.184 acres

Approx. Age 1925

Avg. Price Per Sqft $265

MLS® Number 10684278

Property Address: 987 Harwell St Nw, Atlanta, GA, 30314-2911

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

Description

Active Income-Producing Rental | 987 Harwell Street, Atlanta, GA Investor opportunity with immediate cash flow. Welcome to 987 Harwell Street, a beautifully renovated tenant-occupied single-family home located at the quiet end of a dead-end street in the heart of Atlanta. This property is currently generating $3, 171 per month in rental income, offering buyers instant income from day one. Property Overview Purchase Price: $350, 000 Current Rent: $3, 171/month Annual Gross Rent: $38, 052 Tenant in Place: Yes Condition: Fully renovated, move-in ready Location: Quiet end-of-street setting with no through traffic Location Highlights Centrally located near Atlanta's major employment, entertainment, and education hubs including Mercedes-Benz Stadium, Georgia Aquarium, State Farm Arena, Atlanta University Center, Georgia Tech, Downtown Atlanta, and West Midtown. Easy access to public transportation, major roadways, shopping, and dining supports consistent rental demand. Investor Pro-Forma (Estimated) (For informational purposes only; buyer to verify) Annual Operating Expenses Property Taxes: $4, 846 Insurance: $1, 500 Property Management (5%): $1, 903 (optional) Maintenance & Repairs (5%): $1, 903 Vacancy Reserve (3%): $1, 142 Misc / Admin: $300 Total Estimated Expenses: $11, 494 Net Operating Income (NOI): $26, 558 annually Return Metrics Cap Rate: ~7.6% (based on asking price) DSCR (75% LTV est.): ~1.23 Estimated Monthly Cash Flow (levered): ~$421 Why Investors Like This Property Strong rent-to-price ratio Renovated condition minimizes near-term CapEx Quiet street improves tenant retention Central Atlanta location supports long-term appreciation Solid DSCR for typical investor financing Excellent future refinance potential as rates decline Property is tenant-occupied - showings subject to tenant cooperation. Financials are estimates and provided for informational purposes only.

MLS® Number10684278

Laundry LevelLaundry Closet

Central VacNo

FireplaceNo

Acreage0.184

Exterior

GarageNo

Approx. Age1925

BasementNone

DrivewayParking Pad

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 20, 2024List Date

$350,000List Price

Jun 13, 2023End Date

$170,000Sold Price

Sold

Jun 7, 2023List Date

$175,000List Price

Home Appraisal

This property is estimated to sell between: $269,000 and $391,000.

Similar properties in this area sold on average for: $269,205

Expected to sell very soon! Similar properties sold in 89 days. This home has been on eXp Realty for 564 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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