219 Joseph E Lowery Boulevard Sw, Atlanta, GA 30314
Local realty services provided by:ERA Towne Square Realty, Inc.
219 Joseph E Lowery Boulevard Sw,Atlanta, GA 30314
$260,000
- 4 Beds
- 2 Baths
- 1,379 sq. ft.
- Single family
- Active
Listed by: adam lewis
Office: keller williams realty atl partners
MLS#:7778016
Source:FIRSTMLS
Price summary
- Price:$260,000
- Price per sq. ft.:$188.54
About this home
Turnkey Student Housing Investment Opportunity in the Heart of Atlanta Hitting The 1% Rule! Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants (although it DOES NOT have to) on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!...
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Home facts
- Year built:1930
- Subdivision & Development:Ashview Heights
- Listing ID #:7778016
- Updated:November 10, 2026 at 02:26 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Ceramic Tile, Hardwood, Vinyl
- Kitchen Description:Electric Oven, Electric Range, Microwave, Refrigerator, Solid Surface Counters
- Bedroom Description:Master on Main, Roommate Floor Plan
- Basement Description:Crawl Space, Exterior Entry
- Living area:1,379 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1930
- Building area:1,379 sq. ft.
- Lot area:0.09 Acres
- Lot Features:Back Yard, Landscaped
- Architectural Style:Ranch
- Construction Materials:Cement Siding, Concrete
- Exterior Features:Front Porch
- Levels:1 Story
Schools
- High school:Booker T. Washington
- Middle school:Herman J. Russell West End Academy
- Elementary school:M. A. Jones
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$260,000
- Price per sq. ft.:$188.54
- Tax amount:$4,869 (2024)
Features and amenities
- Laundry features:Common Area, Dryer, In Hall, Washer
- Amenities:Disappearing Attic Stairs, Electric Water Heater, High Speed Internet
Parking
- Parking description:Attached, Parking Pad
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