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$815,000

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.

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.

$699,000

Incredible OPPORTUNITY to own a HISTORIC 1930's original Atlanta Trolley Station. This unique property is situated in beautiful Ormewood Park surrounded by homes, parks, and local restaurants. Over 2500 square feet, this all brick property features original exposed interior brick walls, a beautifully renovated bathroom, gated private driveway, back deck, and large yard. Cosmetic Renovations could take this unique property to the next level. Large spacious rooms including an open concept living and dining space., an oversized kitchen with tons of potential. The large MAIN LEVEL primary bedroom has direct access to the private courtyard and backyard. Own a piece of ATLANTA HISTORY!

2 Beds ⋅ 1 Baths ⋅ 10778591 MLS

Incredible OPPORTUNITY to own a HISTORIC 1930's original Atlanta Trolley Station. This unique property is situated in beautiful Ormewood Park surrounded by homes, parks, and local restaurants. Over 2500 square feet, this all brick property features original exposed interior brick walls, a beautifully renovated bathroom, gated private driveway, back deck, and large yard. Cosmetic Renovations could take this unique property to the next level. Large spacious rooms including an open concept living and dining space., an oversized kitchen with tons of potential. The large MAIN LEVEL primary bedroom has direct access to the private courtyard and backyard. Own a piece of ATLANTA HISTORY!

1112 Delaware Avenue SE, Atlanta

Listing courtesy of Compass.

$435,000

Ormewood Park only Steps from the Beltline! Charmingly Renovated 2-bedroom 1-bath Bungalow with a Quant Front Poch features a Spacious Living Room and a Large Eat-In Kitchen, with an Open Floor Plan that Flows Seamlessly Between the Living, Dining, Laundry and Outdoor Spaces. The Kitchen is Equipped with Top-of-the-Line Stainless Steel Appliances. The home has been Thoughtfully Updated with Sustainable Bamboo Flooring, Energy-Efficient Double-Pane Windows, a recently Renovated Bathroom, and Fresh Exterior Paint. Step Outside from the kitchen onto a Charming Back Deck overlooking a Lush, Wooded Backyard with a Sparking Stream and a Footbridge leading to a Storage Shed. The Yard is Large, Fenced, and Private, Ideal for Relaxing and/or Entertaining. Off-Street Parking includes space for Two Vehicles plus an Additional Parking Pad. Ideally located just Minutes from Glenwood Park, Madison Yards, Edgewood, Zoo Atlanta, East Atlanta Village, and Grant Park. Enjoy Walkable Access to Local Restaurants, Shops, and Entertainment

2 Beds ⋅ 1 Baths ⋅ 10735829 MLS

Ormewood Park only Steps from the Beltline! Charmingly Renovated 2-bedroom 1-bath Bungalow with a Quant Front Poch features a Spacious Living Room and a Large Eat-In Kitchen, with an Open Floor Plan that Flows Seamlessly Between the Living, Dining, Laundry and Outdoor Spaces. The Kitchen is Equipped with Top-of-the-Line Stainless Steel Appliances. The home has been Thoughtfully Updated with Sustainable Bamboo Flooring, Energy-Efficient Double-Pane Windows, a recently Renovated Bathroom, and Fresh Exterior Paint. Step Outside from the kitchen onto a Charming Back Deck overlooking a Lush, Wooded Backyard with a Sparking Stream and a Footbridge leading to a Storage Shed. The Yard is Large, Fenced, and Private, Ideal for Relaxing and/or Entertaining. Off-Street Parking includes space for Two Vehicles plus an Additional Parking Pad. Ideally located just Minutes from Glenwood Park, Madison Yards, Edgewood, Zoo Atlanta, East Atlanta Village, and Grant Park. Enjoy Walkable Access to Local Restaurants, Shops, and Entertainment

989 Ormewood Avenue SE, Atlanta

Listing courtesy of HomeSmart.