About 208 Doane Street
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 — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$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.
Features of 208 Doane Street
| MLS® # | 7544001 |
|---|---|
| Price | $1,395,000 |
| Bedrooms | 10 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 7,840 |
| Acres | 0.22 |
| Year Built | 1955 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Other |
| Status | Pending |
| Has Master On Main | No |
| Basement | Yes |
Community Information
| Address | 208 Doane Street |
|---|---|
| Subdivision | NONE |
| City | Atlanta |
| County | Fulton - GA |
| State | GA |
| Zip Code | 30315 |
Amenities
| Utilities | Other |
|---|---|
| Parking | Attached |
| View | Other |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Other |
| Heating | Central |
| Cooling | Central Air |
| Has Basement | Yes |
| Basement | Crawl Space |
| Fireplace | No |
| Fireplaces | None |
| Stories | One |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Description | Other |
| Windows | Wood Frames |
| Roof | Asbestos Shingle |
| Construction | Brick |
School Information
| Elementary | Fulton - Other |
|---|---|
| Middle | Sylvan Hills |
| High | Maynard Jackson |
Additional Information
| Days on Market | 98 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Atlanta Leasing & Investment |
|---|