Ormewood Park Homes with Crawl Space Basement Type

Ormewood Park Homes with Crawl Space Basement Type

Welcome to Ormewood Park, a vibrant and charming subdivision nestled in the heart of Atlanta, Georgia. Known for its eclectic mix of historic homes and modern amenities, Ormewood Park offers residents a unique blend of urban living and suburban tranquility. With tree-lined streets, friendly neighbors, and a strong sense of community, this area is perfect for families, young professionals, and anyone looking to enjoy the best of city life.

One of the standout features of homes in Ormewood Park is the availability of properties with crawl space basements. These homes not only provide additional storage options but also enhance the overall functionality of the living space. A crawl space basement is perfect for those who desire a clean, dry area for utilities and seasonal items, allowing you to maximize your living area without sacrificing style or comfort.

In Ormewood Park, you’ll find a variety of architectural styles, from charming bungalows to contemporary builds, all set against a backdrop of lush greenery and vibrant community spaces. Residents enjoy easy access to local parks, trendy shops, and delicious dining options, making it a delightful place to call home.

With its rich history, community spirit, and the allure of homes with crawl space basements, Ormewood Park is more than just a neighborhood; it’s a lifestyle. Embrace the opportunity to become part of this welcoming community and discover the perfect home that suits your needs!

Newest Ormewood Park Homes with Crawl Space Basement Type

$815,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

Listing courtesy of Keller Knapp, Inc.

$599,900
3 Beds 2 Baths 10775030 MLS
Nestled in the heart of Ormewood Park just a few blocks from the newly opened Eastside Atlanta Beltline, this charming home combines comfort, functionality, and exceptional outdoor living. The flexible floor plan includes an option for primary suite on main or enjoy a private upstairs owner's retreat with balcony views overlooking the peaceful, beautifully landscaped backyard. Two additional bedrooms, a second full bath, spacious living room, and separate office are located on the main level. The bright kitchen offers abundant counter space, updated soft-close cabinetry with pull out drawers and spice rack, quartz counters, a custom dining nook with built-in storage, and direct access to the deck for easy indoor-outdoor entertaining. Outside, the deep, private backyard is a true retreat, professionally landscaped with cottage garden charm. A recently rebuilt detached one-car garage provides additional storage and parking, with a level driveway for 2+ cars. Lovingly maintained and updated, this move-in ready home features a newer roof with transferable warranty, recently painted exterior, encapsulated crawlspace, recent HVACs and water heater, newer double-pane windows with screens, fresh indoor paint, and a new low-maintenance composite deck for grilling and entertaining. An easy walk to the newly opened Atlanta Beltline Eastside segment, Ormewood Square's restaurants and ice cream shop, and the dining, nightlife, and live music of East Atlanta Village. Convenient to downtown Atlanta and ATL Airport. This home offers THE BEST of intown living!

942 Gilbert Street SE, Atlanta

Listing courtesy of HomeSmart.

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