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Adrian Schmidt

adrian.schmidt@evatlanta.com +1(404) 229-6777

$ 499,900

Est. payment -/mo

Save

Active

2045 Lois PL NW Atlanta, GA 30318

7,492 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Grove Park

MLS Listing ID 10652939

HOA Y/N No

Year Built 2004

Annual Tax Amount $3,144

Tax Year 2024

Lot Size 7,492 Sqft

Acres 0.172

Lot Dimensions 7492.32

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Serious Investment Opportunity: Legal Duplex - Atlanta's Westside Generating Nearly $6,000/Month in Gross Income--Over a 10% Cap Rate | 16.88% Cash-on-Cash Return | Full Rental Potential: $7,000+ Gross Monthly Presenting a premier investment opportunity: a legal, cash-flowing duplex at 2045 Lois Pl NW, priced competitively at $499,900. This high-performing asset is fully occupied and delivers strong returns, giving investors immediate revenue and significantly reducing vacancy risk upon acquisition. Located in Atlanta's rapidly improving West Side, the property stands to benefit from ongoing neighborhood revitalization and long-term appreciation potential. Both units offer an exceptionally desirable layout-5 bedrooms and 3 full bathrooms per unit-ideal for maximizing rental income. Renovated kitchens, hardwood flooring, and solid brick-and-frame construction (built in 2004) further enhance durability and tenant appeal. The location offers excellent connectivity: just a 10-minute walk to the nearest MARTA bus stop and approximately a 16-minute walk to the nearest MARTA Rail Station, providing direct access to Downtown and Midtown Atlanta, shopping, restaurants, banking, and scenic Westside Park. The property has operated as a successful PadSplit co-living rental since 2019 under a single lease. Investors can further boost returns by self-managing, adding approximately 10% additional income per month.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement Crawl Space

Interior

Heating Forced Air, Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Fireplace No

Laundry Common Area, Other

Exterior

Parking Features Parking Pad

Garage Spaces 5.0

Community Features Sidewalks, Street Lights, Park

Utilities Available Other

View Y/N No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Faces Head west on I-20 W, take exit 53 for GA-139, then turn right onto W Lake Ave NW; turn left onto Donald Lee Hollowell Pkwy NW, continue straight onto Hollywood Rd NW, then turn right onto Johnson Rd NW; turn left onto Jones Ave NW, then left onto Lois Pl NW. The house will be on your right.

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction No

Schools

Elementary Schools Boyd

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 17 022600030272

Acceptable Financing Cash, 1031 Exchange, Other

Listing Terms Cash, 1031 Exchange, Other

Special Listing Condition Resale

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

8

Brandon Elementary School

Public | KG - 5
7

West Manor Elementary School

Public | KG - 5
6

Kipp Strive Academy

Public | 5 - 8
5

Bolton Academy

Public | PK - 5
5

Westside Atlanta Charter School

Public | KG - 2
5

Kindezi

Public | KG - 6
5

Kipp West Atlanta Young Scholars Academy

Public | 5 - 8
4

Peyton Forest Elementary School

Public | EE - 5
4

Kipp Strive Primary School

Public | KG - 1
4

M. A. Jones Elementary School

Public | PK - 5
3

Usher Elementary School

Public | PK - 5
2

Frank Lebby Stanton Elementary School

Public | EE - 5
1

Scott Elementary School

Public | KG - 5
1

William M. Boyd Elementary School

Public | PK - 5
0

Legacy Christian Academy

Private | KG - 5
0

Imhotop Academy

Private | PK - 8
0

Worthy's Christian Academy

Private | PK - 2
0

Berean Christian Jr Academy

Private | KG - KG
0

Grove Park Intermediate School

Public | 3 - 5
0

Woodson Primary Elementary School

Public | PK - 5

Middle Schools 8

4

The Best Academy at Benjamin S. Carson

Public | 6 - 8
4

Hollis Innovation Academy

Public | EE - 8
1

Harper-Archer Middle School

Public | 6 - 8
0

Coretta Scott King Young Women's Academy Middle School

Public | 6 - 8
0

Latin Academy Charter School

Public | 6 - 7
0

J. L. Invictus Academy

Public | 6 - 8
0

Bright Futures Academy

Private | 6 - 12
0

Kennedy Middle School

Public | 6 - 8

High Schools 8

6

Kipp Atlanta Collegiate

Public | 9 - 11
3

Coretta Scott King Young Women's Academy High School

Public | 9 - 12
2

Frederick Douglass High School

Public | 9 - 12
1

Booker T. Washington High School

Public | 9 - 12
0

Greater Atlanta Adventist Academy

Private | 9 - 12
0

Booker T. Washington - Early College Small School

Public | 9 - 12
0

Booker T. Washington High School - Banking, Finance, and Investments

Public | 9 - 12
0

Booker T. Washington High School - Health, Science, and Nutrition

Public | 9 - 12

School and business data provided by Attom Data.

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Adrian Schmidt

Broker Associate | License ID: 174184

+1(404) 229-6777

Adrian Schmidt

2045 Lois PL NW Atlanta, GA 30318

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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2045 Lois PL NW