437 Collier Ridge DR NW, Atlanta, GA 30318 - MLS#10554551

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David Long

djlong337@gmail.com +1(404) 997-9681

$314,900

Est. payment - /mo

0.26 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID 10554551

HOA Y/N No

Year Built 1948

Annual Tax Amount $3,949

Tax Year 22

Lot Size 0.259 Acres

Acres 0.259

Lot Dimensions 11282.04

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Welcome to 437 Collier Ridge Drive NW, a smartly priced and thoughtfully renovated home in the historic Collier Heights neighborhood-offering immediate move-in and investor-ready execution. Turnkey for traditional occupancy or savvy investors looking for a home with built-in income-generating potential. Whether a home buyer or investor. This could work for your needs. This property is perfectly set up as a 5-bedroom PadSplit, complete with 2 private bathrooms and 3 shared. Virtual Tour provided. Investment Highlights: Strategic Location for Traveling Professionals - Less than a 12-minute drive (6.3 miles) to Emory University Hospital Midtown, placing you in the sweet spot for traveling nurses and medical staff seeking flexible housing near campus. Strong Demand Corridor - Collier Heights is a revitalized, historically significant neighborhood that draws both long-term renters and professionals for its character and charm. Exceptional Cash Flow Potential - Fully configured as a PadSplit, average weekly rents of $267 for private baths and $173 for shared baths deliver compelling revenue streams. Conservative modeling shows a breakeven occupancy of only ~71%, offering strong downside protection. High ROI - Based on a DSCR loan at 80% LTV and 7.5% interest, your annual NOI (before debt service) is projected at $37K, while leveraged cash-on-cash return stands near 25% - an enviable return in any rental market. Minimal Renovation Required - Just $1,500 needed to finalize the 5th bedroom creation (wall addition), making this a near-turnkey buy-and-go opportunity. Modern & Low-Maintenance Setup - Monthly expenses include mortgage, utilities, insurance, taxes, maintenance, and an 8% management fee - all structured for streamlined operations. Why This Stands Out: This property isn't just a rental-it's a high-yield, socially impactful housing solution that appeals directly to traveling nurses, healthcare rotators, and workforce professionals who prioritize affordability and location convenience. The efficiency, low renovation cost, and exceptional ROI make it a compelling opportunity for investors looking for purpose-built multi-tenant housing. Secondary listing ID is 10546820 for residential.

Location

State GA

County Fulton

Rooms

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Community Features None

Utilities Available Other

View Y/N No

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Usher

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 021000010501

Special Listing Condition Updated/Remodeled

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David Long

+1(404) 997-9681

Agent | License ID: 403423

Agent License ID: 403423

437 Collier Ridge DR NW Atlanta, GA 30318

David Long

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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