1071 M L King Jr DR new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,544 sqft
Price per Sqft $177
MLS Listing ID 7665171
Year Built 1940
Annual Tax Amount $9,998
Tax Year 2024
Lot Size 7,710 Sqft
Property Sub-Type Mixed Use
Property Description
1071 Martin Luther King Jr. Drive SW - 24-Unit Boarding/Rooming House Opportunity Prime Investment near Atlanta's BeltLine! Located just a short walk from the Atlanta BeltLine, MARTA Station, and Washington Park, this 24-unit boarding/rooming house offers excellent potential for redevelopment or income-producing housing. Washington Park features tennis courts, a natatorium, and picnic areas - adding strong appeal for future tenants. Originally built as a boarding/rooming house, the property spans three stories, each with 8 bedrooms, 2 bathrooms, and a shared kitchen - for a total of 24 rooms, 6 bathrooms, and 3 kitchens. Each room includes individual heating and A/C wall units, offering independent comfort for residents. Additional features include: On-site manager's office Existing furniture included in the sale Rear parking pad for residents or staff Property offers a fantastic opportunity to reposition or modernize the building for today's rental market. Location Highlights: Steps to BeltLine Westside Trail Close to MARTA and major transit routes Near Washington Park, Clark Atlanta University, and downtown Atlanta Ideal for Investors, Developers, or Housing Operators seeking a project with built-in potential in a rapidly improving area.
Location
State GA
County Fulton
Zoning SPI1
Rooms
Other Rooms None
Interior
Heating Other
Cooling Window Unit(s)
Flooring Laminate,Vinyl
Equipment Furniture,List Available
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Other
Building
Lot Description Other
Story Three Or More
Foundation Block,Combination
Sewer Public Sewer
Water Public
Structure Type Cement Siding,Concrete
Others
Acceptable Financing Conventional,Other
Listing Terms Conventional,Other
Special Listing Condition Real Estate Owned