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Wayne Lord

wlordrega@gmail.com +1(470) 734-1607

$ 848,000

Est. payment -/mo

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Active Under Contract

1079 Tumlin ST NW Atlanta, GA 30318

4,599 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Home Park

MLS Listing ID 7712222

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $12,067

Tax Year 2025

Lot Size 4,599 Sqft

Acres 0.1056

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

INVESTORS! This is a rare bird - legal duplex turned 7 bedroom, 4 full bath rooming house a long time ago. This cash cow is ready for your 1031 exchange. Monthly income currently $5,425 but could easily be $6000 or more netting 6.5-7% cap rate. Tenants pay ALL utilities. Current owner replaced both HVAC systems (one per floor) and both hot water heaters in 2024. Current tenants are GA TECH students and have leases until mid-May, but two want to stay and can easily fill the next five spots. GaTech College & Young professional HOUSE - Ideally located near GA TECH, this property (7 Bedroom, 4 bath + 3 BONUS ROOMS) has had Little vacancies over the years as GA Tech is a short two blocks away. There are 3 Double-Room Suites that have a common room with bathrooms and one comes with a stackable washer/dryer. There are two bonus rooms upstairs and one downstairs in between the bedrooms providing extra storage/hang-out space. 4 Tenants stay on the top Floor and 3 on the main. Tiled main floor, hardwood stairway and carpeting on the upper level. This is a MUST SEE, as new upper class-man typically plan to move in every year. The 7 Tenant leases to be honored through mid-May 2026. House has fenced in backyard. There is a concrete parking pad for 2 cars on the property - you can charge extra for parking. House location is convenient walk to GA TECH campus, Atlantic Station, and much more. Showings by Appointment ONLY, no lockbox. Listing agent must be present at all showings. Prefer weekdays with 72 hours notice.

Location

State GA

County Fulton

Area Home Park

Lake Name None

Interior

Heating Central, Zoned

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Ceramic Tile, Hardwood

Window Features Double Pane Windows,Window Treatments

Exterior

Parking Features Parking Lot

Fence Back Yard, Fenced, Wood

Community Features Curbs, Near Public Transport, Near Schools, Near Shopping

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View City

Roof Type Shingle

Accessibility None

Handicap Access None

Total Parking Spaces 2

Private Pool false

Building

Lot Description Private, Rectangular Lot

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block,Cement Siding

Construction Status Resale

Schools

Elementary Schools Centennial Place

Middle Schools Centennial Place

High Schools Midtown

Others

Senior Community no

Tax ID 17 014900040309

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by REMAX Around Atlanta

Wayne Lord

Realtor® | License ID: 375577

+1(470) 734-1607

Wayne Lord

1079 Tumlin ST NW Atlanta, GA 30318

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1079 Tumlin ST NW