987 Harwell Street Nw, Atlanta, GA 30314
Local realty services provided by:ERA Hirsch Real Estate Team
987 Harwell Street Nw,Atlanta, GA 30314
$344,500
- 4 Beds
- 2 Baths
- 1,317 sq. ft.
- Single family
- Active
Listed by: daniel solly
Office: realty hub of georgia, llc
MLS#:10684278
Source:METROMLS
Price summary
- Price:$344,500
- Price per sq. ft.:$261.58
About this home
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....
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Home facts
- Year built:1925
- Listing ID #:10684278
- Updated:March 30, 2026 at 10:47 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Laminate, Tile
- Bathrooms Description:Double Vanity, Soaking Tub, Tile Bath
- Kitchen Description:Dishwasher, Disposal, Microwave, Oven/Range (Combo), Stainless Steel Appliance(s)
- Bedroom Description:Master On Main Level
- Living area:1,317 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:1,317 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Level, Private
- Architectural Style:Traditional
- Construction Materials:Wood Siding
- Levels:1 Story
Schools
- High school:Booker T Washington
- Middle school:Herman J Russell
- Elementary school:Jones
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$344,500
- Price per sq. ft.:$261.58
- Tax amount:$2,752 (2022)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Oven/Range (Combo), Stainless Steel Appliance(s)
- Laundry features:Laundry, Laundry Closet
- Amenities:Pulldown Attic Stairs
Parking
- Parking description:Parking Pad
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