2045 Lois Nw Place, Atlanta, GA 30318
- $489,900
- Sold Price
- $489,900
- List Price
- $489,900
- Closing Date
- Jun 16, 2026
- MLS#
- 7734889
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Duplex
- Lot Size
- 0.17200000000000001
- Subdivision
- Grove Park
Property Description
10% CAP RATE | $70K+ ANNUAL RENT | CONFORMING DUPLEX Secure a premier, battle-tested asset in Atlanta’s high-growth Grove Park with this legal duplex at 2045 Lois Pl NW, a turnkey powerhouse currently generating nearly $6,000 in monthly gross income with proven potential to exceed $7,000. Built in 2004, this newer-construction brick and frame property offers a robust 10-bedroom, 6-bathroom configuration—5 bedrooms and 3 full baths per side—specifically designed for maximum cash flow. With a conservative 10% Cap Rate and a 17% Cash-on-Cash return, the numbers represent a sophisticated investment opportunity in a key growth corridor that has grossed over $70,000 in the past year. The property has operated as a high-performing PadSplit since 2019, maintaining a remarkable 325-day average member tenure that provides instant revenue and mitigated vacancy risk for the next owner. Recent strategic shifts in February 2025 have further slashed operating expenses, and there is a potential for an additional 8% monthly income upside for those who choose to self-manage. Each unit features an exceptionally strong rental footprint with renovated kitchens, durable hardwood flooring, and separately metered utilities to minimize owner oversight while offering the structural reliability of modern construction for a high-density rental model. Nestled in the heart of Grove Park, the asset is perfectly positioned for the "Westside Park" effect, located just steps from the new Shirley Clarke Franklin Park and the Westside BeltLine expansion to ensure long-term appreciation. Tenants benefit from excellent transit accessibility, including a 10-minute walk to the nearest MARTA bus stop, which connects directly to Downtown and Midtown. This is a rare opportunity to acquire a high-bedroom-count, cash-flowing asset in one of Atlanta's most explosive corridors with immediate revenue and significant future upside.
Additional Information
- Stories
- Two
- Construction
- Brick, Vinyl Siding
- Year Built
- 2004
- Neighborhood Amenities
- Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights
- Roof
- Composition, Shingle
- Lot Dimensions
- x
- Parking
- Parking Lot
- Lot Desc
- Rectangular Lot, Sloped, Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- William M.Boyd
- Middle School
- John Lewis Invictus Academy/Harper-Archer
- High School
- Frederick Douglass
- Acres
- 0.17
- Levels
- Two
- Gross Income
- 68139
- Taxes
- $5,564
Listing courtesy of Keller Williams Realty Metro Atlanta. Selling Office: The Realty Group.
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