1079 Tumlin Street NW

Description

INVESTORS! This is a rare bird - legal duplex turned 7 bedroom, 4 full bath rooming house a long time ago. This cash cow is ready for your 1031 exchange. Monthly income currently $5,425 but could easily be $6000 or more netting 6.5-7% cap rate. Tenants pay ALL utilities. Current owner replaced both HVAC systems (one per floor) and both hot water heaters in 2024. Current tenants are GA TECH students and have leases until mid-May, but two want to stay and can easily fill the next five spots. GaTech College & Young professional HOUSE - Ideally located near GA TECH, this property (7 Bedroom, 4 bath + 3 BONUS ROOMS) has had Little vacancies over the years as GA Tech is a short two blocks away. There are 3 Double-Room Suites that have a common room with bathrooms and one comes with a stackable washer/dryer. There are two bonus rooms upstairs and one downstairs in between the bedrooms providing extra storage/hang-out space. 4 Tenants stay on the top Floor and 3 on the main. Tiled main floor, hardwood stairway and carpeting on the upper level. This is a MUST SEE, as new upper class-man typically plan to move in every year. The 7 Tenant leases to be honored through mid-May 2026. House has fenced in backyard. There is a concrete parking pad for 2 cars on the property - you can charge extra for parking. House location is convenient walk to GA TECH campus, Atlantic Station, and much more. Showings by Appointment ONLY, no lockbox. Listing agent must be present at all showings. Prefer weekdays with 72 hours notice.