1170 Donnelly Avenue SW

Description

**Value-Add | Near-Completion. Owner Occupied 203k renovation loan, Conventional construction loan, VA loan.| Multi-Exit Investment Opportunity** **7 Bedrooms | 5.5 Bathrooms | 3,175 SF | West End Historic District, Atlanta** This is a rare opportunity to acquire a large-format, income-producing asset at a below-market basis in one of Atlanta's fastest-growing corridors. Located in the West End Historic District, the property sits within minutes of the BeltLine Westside Trail, Atlanta University Center, MARTA, Downtown Atlanta, and Hartsfield-Jackson Airport-driving consistent demand from students, faculty, corporate relocations, travel medical professionals, film crews, and group housing tenants. ### Location Drivers & Demand Catalysts * Immediate access to the **BeltLine Westside Trail** and ongoing expansion * Minutes to **Morehouse College, Spelman College, Clark Atlanta University** (student and academic renter base) * **MARTA access** supporting broader tenant reach and rental stability * Close proximity to **Downtown Atlanta** and major employment hubs * 15-20 minutes to **Hartsfield-Jackson Airport** (ideal for travel nurses and contract professionals) * **West End Mall redevelopment** transforming the area into a live-work-play district * Global events driving housing demand: **FIFA World Cup 2026, Super Bowl 2028, NCAA Final Four 2031** ### Flexible Exit Strategies The property's size, layout, and location support multiple high-yield strategies: * **Short-term rental (Airbnb/VRBO)** * **Mid-term corporate and travel medical housing** * **Film and production crew housing** * **Group/shared long-term rental** * **BRRRR strategy** * **Flip/resale** Large bedroom-count homes in Atlanta are scarce and consistently command premium rents for corporate housing, production crews, and group accommodations. ### Valuation & Upside A prior appraisal valued the property at **$630,000** before market softening and **before** the loft conversion, which materially increased both functional square footage and the bedroom/bath count. As market conditions normalize-alongside the impact of major upcoming citywide events-resale demand for large, flexible homes is expected to strengthen, positioning the property at or above prior ARV. The seller has strategically reduced the price to create immediate investor spread. **CURRENT AND PRIOR APPRAISAL REPORTS ARE AVAILABLE.** ### Renovation Overview (2025 Full Gut) This is effectively a "better than new" property with minimal future capital expenditure: * New roof * New HVAC and ductwork * New plumbing * New electrical wiring * New kitchen and baths * New windows * New landscape and hardscape (including Bermuda turf) All major systems are new, minimizing deferred maintenance and operational risk for a long-term hold. ### Property Highlights * Modern, highly functional floor plan * Luxury finishes throughout * Backyard amenity potential * Turnkey condition for immediate income strategy * 4 weeks or less to complete work. Work to be done estimates available **Interested buyers:** Please have your agent submit offers to the listing agent. Offers will only be considered from buyers or agents who have toured the property.