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$550,000

Prime investment at 11% CAP rate and future redevelopment opportunity in Atlanta's historic Vine City. Offered together, 667 and 673 Thurmond Street NW are two side-by-side duplexes featuring a total of four 1-bedroom, 1-bath units with Downtown Atlanta skyline views and an exceptional location near Mercedes-Benz Stadium, Vine City MARTA, nearby HBCUs, and the $60+ million Rodney Cook Sr. Park. Both buildings have new roofs, and three of the four units have been renovated with improvements including new flooring, countertops, appliances, bath vanities and updates, and mini-split HVAC systems. The remaining unit is occupied by a long-term tenant. All four units are currently leased, providing immediate income with an approximately 11% cap rate. Investors have multiple paths to consider: continue operating the properties as income-producing, Section 8-approved rentals or explore the site's significant future redevelopment potential. The properties have already been upzoned to accommodate greater density, creating the possibility of replacing the existing duplexes with a larger, potentially four-story development, subject to applicable zoning, permitting, and approvals. The location puts residents minutes from Castleberry Hill, Centennial Olympic Park, Georgia Aquarium, Georgia Tech, State Farm Arena, Georgia World Congress Center, Downtown Atlanta, and Mercedes-Benz Stadium, with MARTA access nearby. Vine City and the surrounding area continue to attract substantial public and private investment. Proposed, planned, and ongoing projects in the broader area include a 62-unit townhome development across from Rodney Cook Sr. Park near Walnut and Thurmond Streets; a 139-unit apartment community near Rodney Cook Sr. Park; and a 106-unit affordable senior housing development nearby. A consortium involved in a major Vine City mixed-use redevelopment has also been exploring additional opportunities in the area, while major property acquisition firms and mixed-income housing developers continue to invest and build throughout the neighborhood. With four leased units generating income today and zoning that may provide opportunities for greater density tomorrow, 667 & 673 Thurmond Street offer a compelling combination of current cash flow, strategic location, and long-term redevelopment potential in one of Atlanta's most rapidly evolving intown neighborhoods.

10850833 MLS

Prime investment at 11% CAP rate and future redevelopment opportunity in Atlanta's historic Vine City. Offered together, 667 and 673 Thurmond Street NW are two side-by-side duplexes featuring a total of four 1-bedroom, 1-bath units with Downtown Atlanta skyline views and an exceptional location near Mercedes-Benz Stadium, Vine City MARTA, nearby HBCUs, and the $60+ million Rodney Cook Sr. Park. Both buildings have new roofs, and three of the four units have been renovated with improvements including new flooring, countertops, appliances, bath vanities and updates, and mini-split HVAC systems. The remaining unit is occupied by a long-term tenant. All four units are currently leased, providing immediate income with an approximately 11% cap rate. Investors have multiple paths to consider: continue operating the properties as income-producing, Section 8-approved rentals or explore the site's significant future redevelopment potential. The properties have already been upzoned to accommodate greater density, creating the possibility of replacing the existing duplexes with a larger, potentially four-story development, subject to applicable zoning, permitting, and approvals. The location puts residents minutes from Castleberry Hill, Centennial Olympic Park, Georgia Aquarium, Georgia Tech, State Farm Arena, Georgia World Congress Center, Downtown Atlanta, and Mercedes-Benz Stadium, with MARTA access nearby. Vine City and the surrounding area continue to attract substantial public and private investment. Proposed, planned, and ongoing projects in the broader area include a 62-unit townhome development across from Rodney Cook Sr. Park near Walnut and Thurmond Streets; a 139-unit apartment community near Rodney Cook Sr. Park; and a 106-unit affordable senior housing development nearby. A consortium involved in a major Vine City mixed-use redevelopment has also been exploring additional opportunities in the area, while major property acquisition firms and mixed-income housing developers continue to invest and build throughout the neighborhood. With four leased units generating income today and zoning that may provide opportunities for greater density tomorrow, 667 & 673 Thurmond Street offer a compelling combination of current cash flow, strategic location, and long-term redevelopment potential in one of Atlanta's most rapidly evolving intown neighborhoods.

667 Thurmond Street NW, Atlanta

Listing courtesy of Keller Williams Realty Buckhead.

$180,990

Location, Location, Location. Residential vacant corner lot. Close to Marta and Merceds-Benz stadium. Great place to build your dream home.

10801421 MLS

Location, Location, Location. Residential vacant corner lot. Close to Marta and Merceds-Benz stadium. Great place to build your dream home.

104 Vine Street NW, Atlanta

Listing courtesy of South Atlanta Realty.

$700,000

*** DOWN FROM $1.1M TO $700K NOW!! ***WOW! ONLY $125/SF - BEST DEAL AROUND! Opportunity awaits you! INCREDIBLE LOCATION with great anticipation of grand appreciation due to its proximity to so many famous and sought after landmarks. This hard to find 5,600 SF 5 BEDROOM/4 BATH with 2 LAUNDRIES in Atlanta's Historic Vine City Community is one of ATLANTA'S MOST HISTORIC STREET. Dr Martin Luther King raised his family just three doors down from this beautiful home. Just one block from Rodney Cook Sr Public Park and not much further to access two MARTA Train Stations and the Westside Beltline Trail. You can actually walk to see the Atlanta Falcons or Atlanta United at the Mercedes Benz Stadium or check out a concert a State Farm Arena. TREMENDOUS DEVELOPMENT going on in the former railyards at CENTENNIAL YARDS should raise all kinds of opportunities. Just down the same street is CLARK ATLANTA UNIVERSITY and a little further is MOREHOUSE COLLEGE so this is wonderful home for families with college students or to even use as STUDENT HOUSING. So great INVESTMENT OPPORTUNITY and ideal for LARGE FAMILIES! SO much to do and so close! The home itself provides HUGE BEDROOMS with large closets. The WELCOMING WRAP AROUND FRONT COVERED FRONT PORCH with PORCH SWINGS and space galore, invites your guests to this spacious abode but also provides another wonderful place for gathering and relaxing. Beautiful hardwoods grace the entire MAIN LEVEL which includes the PRIMARY SUITE. The main level features 10 ft. ceilings, and an open concept fireside family room and oversized kitchen, with separate dining room that melds into a large living room area that is perfect for hosting guests or can be used as a separate office/flex space. Both the living room and dining room transitions to the huge wrap around front porch that provides breathtaking sunset and city skyline views. The home is zoned R5, the floor plan with 2 full baths on the main level is perfect for generational living, allowing for either an In-law or Owner's suite on main level or it can be used as an additional source of income (i.e. corporate rental or Airbnb with the World Cup coming later this year). The upstairs landing area has a huge open area for living space plus an additional four bedrooms and two more full baths. AND THERE IS A LAUNDRY ROOM ON EACH LEVEL! There is a second covered patio area and small deck off the back of the home; as well as, an oversized two car garage with private back alley access. The yard is easy to maintain and front sidewalks lead you to so much! Don't miss the opportunity to make this extraordinary house your new home. Schedule a viewing today and experience the beauty and charm of this remarkable property for yourself. Welcome home!

5 Beds ⋅ 4 Baths ⋅ 10663269 MLS

*** DOWN FROM $1.1M TO $700K NOW!! ***WOW! ONLY $125/SF - BEST DEAL AROUND! Opportunity awaits you! INCREDIBLE LOCATION with great anticipation of grand appreciation due to its proximity to so many famous and sought after landmarks. This hard to find 5,600 SF 5 BEDROOM/4 BATH with 2 LAUNDRIES in Atlanta's Historic Vine City Community is one of ATLANTA'S MOST HISTORIC STREET. Dr Martin Luther King raised his family just three doors down from this beautiful home. Just one block from Rodney Cook Sr Public Park and not much further to access two MARTA Train Stations and the Westside Beltline Trail. You can actually walk to see the Atlanta Falcons or Atlanta United at the Mercedes Benz Stadium or check out a concert a State Farm Arena. TREMENDOUS DEVELOPMENT going on in the former railyards at CENTENNIAL YARDS should raise all kinds of opportunities. Just down the same street is CLARK ATLANTA UNIVERSITY and a little further is MOREHOUSE COLLEGE so this is wonderful home for families with college students or to even use as STUDENT HOUSING. So great INVESTMENT OPPORTUNITY and ideal for LARGE FAMILIES! SO much to do and so close! The home itself provides HUGE BEDROOMS with large closets. The WELCOMING WRAP AROUND FRONT COVERED FRONT PORCH with PORCH SWINGS and space galore, invites your guests to this spacious abode but also provides another wonderful place for gathering and relaxing. Beautiful hardwoods grace the entire MAIN LEVEL which includes the PRIMARY SUITE. The main level features 10 ft. ceilings, and an open concept fireside family room and oversized kitchen, with separate dining room that melds into a large living room area that is perfect for hosting guests or can be used as a separate office/flex space. Both the living room and dining room transitions to the huge wrap around front porch that provides breathtaking sunset and city skyline views. The home is zoned R5, the floor plan with 2 full baths on the main level is perfect for generational living, allowing for either an In-law or Owner's suite on main level or it can be used as an additional source of income (i.e. corporate rental or Airbnb with the World Cup coming later this year). The upstairs landing area has a huge open area for living space plus an additional four bedrooms and two more full baths. AND THERE IS A LAUNDRY ROOM ON EACH LEVEL! There is a second covered patio area and small deck off the back of the home; as well as, an oversized two car garage with private back alley access. The yard is easy to maintain and front sidewalks lead you to so much! Don't miss the opportunity to make this extraordinary house your new home. Schedule a viewing today and experience the beauty and charm of this remarkable property for yourself. Welcome home!

258 Sunset Avenue NW, Atlanta

Listing courtesy of BHGRE Metro Brokers.