437 Collier Ridge DR NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30318
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID 10554551
Year Built 1948
Annual Tax Amount $3,949
Tax Year 22
Lot Size 0.259 Acres
Property Sub-Type Multi Family
Property Description
Welcome to 437 Collier Ridge Drive NW, a smartly priced and thoughtfully renovated home in the historic Collier Heights neighborhood-offering immediate value and investor-ready execution. Ideal for multi-family conversion, this property is perfectly set up as a 5-bedroom PadSplit, complete with 2 private bathrooms and 3 shared. 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
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Other
View Y/N No
Building
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
Special Listing Condition Updated/Remodeled