☎︎ (706) 879-1813
Property Overview
List Price $599,990
0
969 Palmetto Avenue SW Atlanta, GA 30314

Description

Exceptional investment opportunity in Atlanta’s desirable West End, just minutes from the Atlanta University Center (AUC). This 15-unit rooming house is currently operated as a PadSplit-style shared housing property, generating approximately $10K in gross monthly income. Designed for consistent demand, the property benefits from its proximity to major employers, public transportation, downtown Atlanta, and multiple colleges and universities. The existing rooming house layout allows for efficient operations and strong cash flow, making it ideal for investors seeking immediate income with upside potential. Whether you’re expanding a PadSplit portfolio or looking for a high-yield asset in a rapidly appreciating area, this property delivers location, scale, and proven performance. ALL TENANTS ARE ON WEEKLY LEASES so new owner has no contractual obligations to keep current tenants. **CASH OR HARD MONEY ONLY*

Property Basics

Location Atlanta, GA 30314
Property Type Residential Income — Other
Status Active
Year Built 2003
Days on Market 75

Key Features

Cooling Central Air
Heating Central
Pool
Fireplaces

Additional Details

Lot Size 0.11 acres
Total Units 9
Price per Unit $66,665.56

Financial Overview

Annual Taxes $8,203

Listing provided by: River Bonds, Fleur De Lee Realty, LLC • 678-250-4114

Information is deemed reliable but not guaranteed. Verify all details independently.

Data last updated: April 23, 2026 at 1:56 PM EDT
IDX Functionality Provided by Jeff Crowe - jeffcrowe@c21theavenues.com