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574 East Ave NE - Old Fourth Ward 5,858 SF Specialty Building Offered at $2,250,000 at a 16.55% Cap Rate in Atlanta, GA 30312
Investment Highlights
- Location, Zoned for 2 residences.
Executive Summary
INCOME-PRODUCING, INTOWN, AND IMPOSSIBLY COMPELLING. In a city where walkability is prized and character is cherished, 574 East Ave NE offers something rare: a beautifully updated, fully self-sufficient, fully furnished attached apartment of approximately 900 square feet that brings both flexibility and financial advantage to an already extraordinary residence. Tucked off the gated private driveway, this private living space has served as a studio, an in-law or au pair suite, and a rental residence-most recently leased for $1,800 per month in 2024, effectively covering the property taxes. With use potential for two-family residential living or short-term rental, subject to buyer verification of zoning and local ordinances, it is more than an accessory space; it is a meaningful asset that elevates this home into a category of its own.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Shower Facilities
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Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14-0047-0009-136-9 | Total Assessment | $774,000 |
| Land Assessment | $57,480 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $716,520 | Tax Year | 2025 |
Property Taxes
Parcel Number
14-0047-0009-136-9
Land Assessment
$57,480
Improvements Assessment
$716,520
Total Assessment
$774,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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574 East Ave NE - Old Fourth Ward
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