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List Price $249,900
Units 2
Price / Unit $124,950

High-demand multifamily opportunity in Atlanta, GA

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

1188 Sims Street SW Atlanta, GA 30310
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
SHORT SALE!!! SHORT SALE!! Investor Needed. BRRRR, Fix and FLIP or BUY and HOLD, or an AIRBNB. The choice is yours. Opportunity meets timing with this value-add duplex offering immediate upside for investors ready to execute. One unit is vacant and primed for renovation, while the second unit is tenant-occupied with a lease secured through 2027, providing holding income during repositioning. The property requires full modernization, presenting a clear pathway for investors seeking to renovate, stabilize, or explore redevelopment strategies. Several nearby properties have recently undergone significant improvements or new construction, reinforcing ongoing reinvestment activity on the street. Property is less than 10 minutes from the Belt line, Zoo Atlanta, Tyler Perry Studios and the Atlanta University Center (Spellman, Morehouse, Clark and Morris Brown College) and so many more tourist and local destinations around downtown Atlanta. A short drive to Interstate 85 and located on the public transit line for the environment conscience tenant or visitor. This can be the a great investment for the right buyer or investor. Seller is exploring short sale options, creating a compelling entry point for buyers seeking to acquire with margin and vision. Shared parking improvements and interior updates offer additional avenues to enhance long-term performance. Offered "AS - IS, WHERE IS". Serious investors encouraged to submit offers and explore the potential this property presents.
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 $124,950 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income $35,520 📊 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: 7692900 • Listing courtesy of Virtual Properties Realty.com, Mia Harris • 678-404-0155

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