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Atlanta, GA 30315,208 Doane ST #10
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Atlanta, GA 30315,208 Doane ST #10
Atlanta, GA 30315,208 Doane ST #10
Atlanta, GA 30315,208 Doane ST #10
Atlanta, GA 30315,208 Doane ST #10
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Engel & Völkers Atlanta

Engel & Völkers Atlanta

+1(404) 845-7724
$ 1,395,000
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208 Doane ST #10 Atlanta, GA 30315

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

MLS Listing ID 10482025

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1955

Annual Tax Amount $13,839

Tax Year 2024

Lot Size 9,539 Sqft

Acres 0.219

Lot Dimensions 9539.64

Property Sub-Type Multi Family

Property 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 Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$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.

Location

State GA

County Fulton

Rooms

Basement Crawl Space

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Attached

Community Features None

Utilities Available Other

View Y/N No

Garage Yes

Private Pool No

Building

Faces Turn left onto University Avenue SW (0.5 miles). Turn right onto Metropolitan Parkway SW (0.4 miles). Turn left onto Doane St SW. The destination will be on your right.

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Out Of Area

Middle Schools Sylvan Hills

High Schools Mh Jackson Jr

Others

HOA Fee Include None

Tax ID 14 007400020828

Special Listing Condition Resale

Georgia MLS - GAMLS
© 2025 Georgia Multiple Listing Service. All Rights Reserved.
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Mechanicsville, Atlanta, GA

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Engel & Völkers Atlanta

+1(404) 845-7724

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208 Doane ST #10