208 Doane St, Atlanta, GA 30315
$1,395,000
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Home Description
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta.
This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity â strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200Kâ$300K and exterior renovations estimated at $100K between 2017 and 2018.
Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
- MLS #: 7544001F
- Address: 208 Doane St
- City: Atlanta
- Zip: 30315
- County: Fulton
- Community Features: None
- Square Feet: 7840
- Sq. Ft. Source: Builder
- Water Body Name: Other
- Dock : None
- Waterfront Features: None
- Water Source: Public
- Interior of Property: Other
- Rooms: Other
- Flooring: Other
- Kitchen Features: Other
- Kitchen Appliances: Other
- Fireplace: None
- Number Fireplaces: 0
- Bedrooms: Other
- Master Bath: Other
- Dinning Room: Other
- Laundry: Other
- Other Equipment: None
- Patio/Porch Features: None
- Security Features: Carbon Monoxide Detector(s),Fire Alarm
- Common Walls: No Common Walls
- Nbr of Units in Community: 10
- Basement: Crawl Space
- Parking: Attached
- Lot Dimensions: 9540
- Lot Size Acres: 0.22
Available now at $1,395,000
- Type: Single Family
- Style: Other
- Levels: One
- Property Condition: Resale
- Road Type: Concrete
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer
- Green Energy Efficient: Water Heater
- Green Energy Generation: None
- Exterior of Property: Other
- Construction Materials: Brick
- Roof Type: Asbestos Shingle
- Other Structures: None
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School Information
- Elementary:Fulton - Other
- Middle School:Sylvan Hills
- High School:Maynard Jackson
Financial
- Approx Payment:$6,786*
- Taxes:$13,839
Area Stats
These statistics are updated daily from the Georgia Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call EasyStreet Realty at
(770) 366-2062 and speak with one of our real estate consultants.
Popular Homes
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12
0.0%
41.7%
36
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0.0%
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17
0.0%
35.3%
61
$3,231,465
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106
5.7%
25.5%
68
$674,274
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14
7.1%
50.0%
147
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5.9%
52.9%
59
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43
4.7%
48.8%
91
$355,474
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931
2.7%
38.2%
68
$417,000
$417,000
2
0.0%
0.0%
10
$1,321,682
$1,100,000
22
0.0%
40.9%
59
$472,676
$405,000
45
8.9%
46.7%
59
$304,951
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121
0.8%
34.7%
70
$471,878
$487,950
20
0.0%
45.0%
79
$452,331
$429,900
29
3.4%
37.9%
74
$763,986
$744,900
29
3.4%
41.4%
54
$703,333
$567,500
6
0.0%
50.0%
106
$472,800
$439,000
9
0.0%
33.3%
71
$1,627,420
$1,349,000
9
0.0%
22.2%
48
$456,064
$459,900
33
3.0%
51.5%
68
$452,991
$475,000
23
0.0%
43.5%
84
$893,618
$775,000
33
3.0%
39.4%
59
$1,474,523
$1,150,000
13
0.0%
15.4%
27
$1,621,349
$1,449,995
14
0.0%
14.3%
28
Listing Courtesy of Atlanta Leasing & Investment.
For information or to schedule a viewing of this property (MLS# 7544001F), call: 770-366-2062
208 Doane St, Atlanta GA is a single family home of 7840 sqft and
is currently priced at $1,395,000
.
This single family home has 10 bedrooms.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Atlanta, GA.
Garden Hills, Lakewood Park and Chosewood Park are nearby neighborhoods.
MLS 7544001F has been posted on this site since 3/19/2025 (today).
