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List Price $409,990
Units 2
Price / Unit $204,995

High-demand multifamily opportunity in Atlanta, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

118 N Woodland Drive Atlanta, GA 30340
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Fully remodeled all-brick Duplex, featuring two bedrooms and one full bath in each unit. Updates include a new roof, new exterior and interior paint, new kitchens and bathrooms, and stainless steel appliances. New LVP flooring in the great rooms and kitchens, new carpet and padding in the bedrooms. New windows on both units. The property offers a long driveway and additional land next to Unit B (Unit 2) that may allow for the addition of a third unit or another rental property-buyer to verify with the county (several investors have done this in the area). Each room features ceiling fans, and Unit B includes a new deck. There is an unfinished partial basement under Unit B. The property has had long-term tenants (father and son) for 22 years, who are willing to remain with the new owner. After remodeling, tenants are paying $1,300 per month through February 2027. Unit B can easily rent for $1.300-$1,500 per month. If you are first time home buyer, you can live one Unit and rent another Unit. No HOA and no rental restrictions.
Investment Context for Atlanta Multifamily:
  • Located in the Atlanta, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $204,995 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income 📊 Gross Modeled
Est. NOI Estimated
Est. Year 1 Cash Flow after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7716058 • Listing courtesy of HomeSmart, THONGSINH A SOVIRAVONG • 404-904-3791

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed