89 Ollie Street NW

Description

Prime coliving investment opportunity in Atlanta's rapidly developing Washington Park corridor! Fully vacant and ready for a new operator, this 10bedroom / 2bath duplex has historically generated $6,500-$6,900 per month under a previous coliving model, with area roomrental rates supporting $5,500-$7,500/mo in projected income depending on management strategy. Each level features its own private entrance, kitchen, and bath, creating two independent 5bedroom coliving zones ideal for PadSplitstyle operations, student housing, workforce housing, or transitional living. Located steps from Washington Park, the Westside BeltLine Trail, MARTA, and the AUC (Morehouse, Spelman, Clark Atlanta), this property attracts carfree tenants seeking affordable private rooms with unmatched access to transit, schools, and downtown employment centers. Investors will appreciate the strong rental demand, consistent occupancy history, and the ability to reposition the asset for higher NOI. The interior is functional and livable with basic updates, offering immediate income potential plus valueadd upside through cosmetic improvements, window upgrades, and layout optimization. The lower unit includes multiple private rooms with a stepdown entry; the upper unit offers larger bedrooms and a traditional layout. Both kitchens and baths are serviceable, and the property's configuration maximizes bedroom count for highyield coliving. This is a rare chance to acquire a fully vacant, highdensity income property in one of Atlanta's most active redevelopment zones. Whether you're an experienced coliving operator or an investor seeking strong cash flow in an appreciating neighborhood, 89 Ollie St NW delivers scale, location, and opportunity. Sold asis.