UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 7682333
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1970
Annual Tax Amount $15,562
Tax Year 2025
Lot Size 6,255 Sqft
Acres 0.1436
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Welcome to 893 Magnolia Street, a rare 5-unit multifamily opportunity in the heart of Vine City. Just steps from the AUC's HBCUs, MARTA, the BeltLine connector, Mercedes-Benz Stadium, and the massive wave of Westside redevelopment — this location is as “future-proof” as it gets.
This property can be delivered fully leased and is producing strong income. Potential Income:
• (4) units — 3BR/2BA at $2,400/month each
• (1) unit — 2BR/2BA at $1,600/month
Total monthly income: $11,200
Total annual income: $134,400
Whether you're building your portfolio, executing a 1031 exchange, or looking for a value-add play in a booming submarket, this one hits every metric: size, location, tenant demand, and cash flow from the jump. With the World Cup right around the corner, Now is the time to get into this area while you still can!
Location
State GA
County Fulton
Area Vine City
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl, Wood
Window Features Double Pane Windows,Insulated Windows
Exterior
Parking Features Parking Lot
Fence Chain Link
Community Features Curbs, Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Sidewalks, Street Lights
Utilities Available Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City, Trees/Woods
Roof Type Ridge Vents
Accessibility None
Handicap Access None
Total Parking Spaces 9
Private Pool false
Building
Lot Description Cul-De-Sac, Level, Rectangular Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Updated/Remodeled
Schools
Elementary Schools Fulton - Other
Middle Schools Herman J. Russell West End Academy
High Schools Booker T. Washington
Others
Senior Community no
Tax ID 14 011000070571
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Circumstances Investor Owned
Get More Information
Frank Farkas
Managing Partner - Realtor | License ID: 174175
Managing Partner - Realtor License ID: 174175
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