JeffCroweCRE
Commercial

660 Jolly Avenue S

Clarkston, GA 30021

Location

660 Jolly Avenue S, Clarkston GA 30021

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List Price$1,190,000
TypeMixed Use
Lot0.11 Ac
Land

Commercial land

0.11 acres

Mixed Use · Residential · RM85 · $10,818,182 / acre

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7846613
Listing Provided By Atlas Real Estate, Inc · 678-831-9955
Description

Property Description

Outstanding multifamily investment opportunity in Clarkston. Ten 2-bedroom, 1.5-bath townhome-style units in all-brick buildings, offered together at just $119,000 per unit. All ten units are updated, and eight are completely renovated with new LVP flooring, new kitchens and baths, newer appliances and fresh paint. The roof was just replaced with architectural shingles and a ridge vent system, and five units have brand new HVAC. Every unit includes washer/dryer hookups, and the property is all-electric with no gas service, which keeps utilities low for tenants and is a big reason they stay for years, which they do. Current gross scheduled income is $10,494.65 per month, $125,935.80 annually. Convenient location just minutes from I-285, with easy access to Downtown Decatur, Emory, the CDC, and major employment, shopping and transportation corridors throughout east metro Atlanta. A well-maintained, substantially improved multifamily asset offering scale, consistency and long-term income potential at an attractive per-unit basis.
Tax Advantage

Opportunity Zone Property

Tract 13089022008

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1972
Zoning
RM85
Price / acre
$10,818,182
Days on market
8
Road frontage
City Street
Owner pays
Exterior Maintenance, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Taxes
$9,610
Tax year
2025
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Cable
  • Electricity
  • Sewer
  • Water

Sewer

  • Public Sewer

Heating

  • Electric
  • Forced Air

Cooling

  • Ceiling Fan(s)
  • Central Air
  • Electric

Commercial Analysis

Key metrics and property characteristics

List Price$1,190,000
Cap Rate8.14%
Lot Size0.11 Acres
Price / Acre$10,818,182
ZoningRM85
Property SubtypeMixed Use
Year Built1972

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660 Jolly Avenue S

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

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.