7,492 Sqft Lot
7,492 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Grove Park
MLS Listing ID 7734889
Construction Status Resale
HOA Y/N No
Year Built 2004
Annual Tax Amount $5,564
Tax Year 2025
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Duplex
Source First Multiple Listing Service
Property Description
Secure a premier, battle-tested asset in Atlanta's high-growth Grove Park with this legal duplex at 2045 Lois Pl NW, a turnkey powerhouse currently generating nearly $6,000 in monthly gross income with proven potential to exceed $7,000. Built in 2004, this newer-construction brick and frame property offers a robust 10-bedroom, 6-bathroom configuration—5 bedrooms and 3 full baths per side—specifically designed for maximum cash flow. With a conservative 10% Cap Rate and a 17% Cash-on-Cash return, the numbers represent a sophisticated investment opportunity in a key growth corridor that has grossed over $70,000 in the past year.
The property has operated as a high-performing PadSplit since 2019, maintaining a remarkable 325-day average member tenure that provides instant revenue and mitigated vacancy risk for the next owner. Recent strategic shifts in February 2025 have further slashed operating expenses, and there is a potential for an additional 8% monthly income upside for those who choose to self-manage. Each unit features an exceptionally strong rental footprint with renovated kitchens, durable hardwood flooring, and separately metered utilities to minimize owner oversight while offering the structural reliability of modern construction for a high-density rental model.
Nestled in the heart of Grove Park, the asset is perfectly positioned for the "Westside Park" effect, located just steps from the new Shirley Clarke Franklin Park and the Westside BeltLine expansion to ensure long-term appreciation. Tenants benefit from excellent transit accessibility, including a 10-minute walk to the nearest MARTA bus stop, which connects directly to Downtown and Midtown. This is a rare opportunity to acquire a high-bedroom-count, cash-flowing asset in one of Atlanta's most explosive corridors with immediate revenue and significant future upside.
Location
State GA
County Fulton
Area Grove Park
Lake Name None
Interior
Heating Central, Forced Air
Cooling Central Air
Window Features Double Pane Windows,Insulated Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City, Neighborhood
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 5
Private Pool false
Building
Lot Description Rectangular Lot, Sloped, Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Vinyl Siding
Construction Status Resale
Schools
Elementary Schools William M.Boyd
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 17 022600030272
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
Nearby Locations