Ormewood Park Homes with Two Levels

Ormewood Park Homes with Two Levels

Welcome to Ormewood Park, a charming and vibrant neighborhood nestled in the heart of Atlanta, Georgia. This delightful subdivision offers a unique blend of historic charm and modern conveniences, making it one of the most sought-after areas in Fulton County. Known for its tree-lined streets, friendly community atmosphere, and eclectic mix of homes, Ormewood Park is perfect for families, young professionals, and anyone looking to embrace the best of city living.

One of the standout features of Ormewood Park is its stunning selection of two-level homes. These residences exude character and style, often showcasing beautiful architectural details that reflect the neighborhood's rich history. With spacious layouts, these two-story homes provide ample room for families to grow, entertain, and enjoy life. Whether you're looking for a cozy retreat or a vibrant space to host gatherings, you'll find a variety of options to suit your needs.

Beyond the beautiful homes, Ormewood Park boasts an array of amenities that enhance the quality of life for its residents. Enjoy leisurely strolls in nearby parks, explore local shops and cafes, or take advantage of the community events that foster a strong sense of belonging. With its prime location just minutes from downtown Atlanta, residents can easily access the city's thriving cultural scene, dining, and entertainment options.

Discover the charm of Ormewood Park today, where your dream home awaits amidst a welcoming community and a vibrant lifestyle. Experience the perfect blend of comfort, convenience, and character in this remarkable Atlanta neighborhood!

Newest Ormewood Park Homes with Two Levels

$815,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

Listing courtesy of Keller Knapp, Inc.

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