1515 Beech Valley Way NE
Property Description
Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta's strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service-simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.
Broker Details
ReMax Metro Atlanta Cityside (404) 622-2127
MLS ID: PASMANICKZAC
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $769,850 |
| No. of Units: | 2 |
| Year Built: | 1948 |
| Opportunity Zone: | No |
| Price per unit: | $384,925 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GAMLS-10835103
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