10 Rockmart Drive NW
Atlanta, GA 30314
0.19 acres | #10440295
Description
Turn this duplex-style single-family home into a $72,000-per-year Airbnb money-making machine! This property offers an incredible opportunity to generate up to $6,000 in monthly gross income with the simple addition of a basement conversion, transforming it into a three-unit triplex. Currently, Unit A is a 1-bedroom, 1-bath main unit, while Unit B is a 1-bedroom, 1-bath in-law suite. With a straightforward renovation, the basement can be converted into a studio apartment, maximizing the property's full income potential. The current monthly gross income ranges from $4,500 to $5,000 through Airbnb, VRBO, and other booking sites. Once the basement studio is complete, the projected revenue soars to $6,000 per month. Pictures 1 to 26 showcase the property in its current state, while pictures 27 to 49 illustrate how both units could look when beautifully staged for short-term rentals. Picture 50 presents a proposed loft-style design for the basement studio, giving a glimpse of what's possible with a creative touch and minimal investment. Located just minutes from Downtown Atlanta and the Mercedes-Benz Stadium, this property is in a prime location for Airbnb bookings. The area boasts a 57% occupancy rate based on AirDNA data, with a 1-bedroom unit generating an estimated $24,000 in annual revenue-on the low end of projections. This is a rare chance to capitalize on a high-demand market while securing a steady, reliable income stream. The seller has already obtained a $35,000 bid from a licensed contractor to convert the basement into a studio apartment and is willing to assist with the project after closing. Buyers can even use the seller's trusted contractor for a seamless renovation experience. A $5,000 seller credit is available toward closing costs, and buyers may qualify for down payment assistance programs and grants, making this opportunity even more accessible. The property comes with a one-year home warranty for peace of mind, a clear and marketable title, and the seller's preference for a quick 14-day close. Whether you're an experienced investor or a first-time buyer, this property is a true gem with massive upside potential. Take advantage of this opportunity to create a high-performing Airbnb investment and watch your cash flow grow.
Location
Legal
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Last Updated: . Source: GAMLS
Listing Courtesy
Listing Agent: George Ansong (#ANSONGGEORGE)
Listing Office: Maximum One Grt. Atl. REALTORS (#MXGR01)
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