214 + 0 South Ave SE | Atlanta 30315
Request Offering Packet Email

Stabilized Mid-Term Rental + Adjacent Buildable Lot (Two Parcels)

Income-producing asset with a proven 15-year owner-operator system plus a rare adjacent buildable lot included in the sale.

Tenancy
Mid-term / professional housing model with tenants in place
Land
Separate buildable parcel included (0 South Ave SE)
Operations
Remote-management ready systems in place
Site
Corner-lot positioning
Title
Sale includes recently cleared title on adjacent lot

Executive Summary

Off-market opportunity combining a stabilized mid-term rental asset at 214 South Ave SE with an adjacent, separate buildable parcel at 0 South Ave SE, positioned for ongoing income and infill optionality.

  • 214 South Ave SE (improved property)
  • 0 South Ave SE (vacant lot, separate parcel)
  • Positioned for mid-term demand + infill optionality

Asset Overview

214 South Ave SE (Improved)

  • Approx. size~2,100 SF
  • Lot size3,107 SF | 0.0713 acres
  • Configuration3 BR / 2 BA
  • Year built2005
  • SiteCorner lot
  • UtilitiesAll electric (GA Power); Atlanta Watershed
  • FurnishingsNegotiable

0 South Ave SE (Vacant Lot)

  • ParcelSeparate parcel included
  • Size0.0692 acres | 3,016 SF
  • ZoningR3 | Land code 6 | LUC 100
  • TopographyCounty TOPO: LEVEL (no steep adjustment applied)
  • TitleTitle recently cleared

Stabilized Mid-Term Rental System (Not Airbnb Churn)

  • 15-year owner-operator system
  • Tenant profile: medical residents / healthcare professionals / long-hour workers
  • Current room rents (conservative): $1,100 + $850 + $850
  • Room available / incoming tenant May 1 (if desired)
  • Lease flexibility clause (60-day)
  • Owner-occupant hybrid model possible (“house hack”)

Request Offering Packet

Detailed financials, rent roll summary, and additional documentation available upon request.

Request Offering Packet

Systems & Remote-Owner Readiness

HVAC

  • Dual HVAC split system with heat pump (energy efficient)
  • Designed to handle Atlanta heat + elevated site exposure

Coverage

  • HVAC warranty coverage provider includes electric and plumbing systems

Access & Parking

  • Driveway updated in 2023 to accommodate two cars

Water Management

  • Moen smart water shutoff with remote monitoring

Controls & Security

  • Nest thermostats
  • Hard-wired camera system in place; upgradeable
  • Nest / Google Home cameras on driveway and doorbell with remote capability

Local Support

  • Plumber relationship in place
  • Landscaper relationship in place

Land + Development Upside (0 South)

  • Rare infill buildable lot included (separate parcel)
  • Utilities adjacent / available in city context
  • Use cases:
  • Hold for appreciation
  • Combine parcels
  • Expansion / new build (subject to zoning)

Positioned for scarcity-driven value and flexible future use.

Data-Backed Valuation (Summary)

214 Comps (Last 18 Months)

  • Mean sale$621,361
  • Median sale$601,000
  • Mean PPSF (structure)$349.73
  • Median PPSF (structure)$345.01
  • Estimated value (structure method)$629,512
  • Estimated value (total-area method)$568,287

0 South Land Comps (Last 18 Months)

  • Mean land $/SF$56.89
  • Median land $/SF$72.12
  • Land value estimate (3,016 SF)$171,577 – $217,114
  • Combined simple band~$772K–$847K (simple sum of component bands)
Mean sale price by neighborhood code
Mean sale price by neighborhood code (last 18 months)
Mean land sale price by square foot
Mean land $/SF by area (last 18 months)
Average home price over the last year
Average home price over the last year

Anchor Comp: 218 South Ave SE

  • Sale price$825,000
  • Structure size2,668 SF
  • Lot size7,688 SF (0.1765 acres)
  • Configuration4 BR / 4 BA with garage and major upgrades

This offering differs: smaller structure plus two-parcel optionality and a stabilized mid-term system.

Location & Demand Drivers

  • Summerhill redevelopment tailwinds
  • GSU / Center Parc Stadium area growth
  • Institutional investment nearby
  • Proximity to Mercedes-Benz Stadium hosting global events (including World Cup)
  • Fast bus connection to downtown planned near Georgia State Stadium
  • Strong neighborhood walkability characteristics

Photos

214 South Ave SE – front of house
Front of house
214 South Ave SE – side yard 1
Side yard 1
214 South Ave SE – side yard 2
Side yard 2
Parcel sketch – 214 South Ave SE
Parcel sketch – 214 South Ave SE
Bird’s-eye view showing both parcels
Bird’s-eye view – both parcels

Fulton County tax assessor record: View property record for 214 South Ave SE .

No tenant interiors included unless legacy photos are provided.

Documents

Links are placeholders; update with final document URLs or file paths.

Contact & Terms

  • Email: savagepropsllc@gmail.com
  • Proof of funds requested prior to full packet
  • Buyer representation welcome
  • Sale includes two parcels; must close together