2977 5th ST SW new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $264
Subdivision Hammond Park
MLS Listing ID 7614924
Style Bungalow
Bedrooms 3
Full Baths 2
Year Built 1950
Annual Tax Amount $3,766
Tax Year 2024
Lot Size 0.254 Acres
Property Sub-Type Single Family Residence
Property Description
Investor Special or Perfect for First-Time Homebuyer! Rare opportunity to own a single-family home set up like a duplex, currently operating as a high-performing Airbnb with consistent occupancy between 80–100%. Each unit is generating an average of $4,200/month in short-term rental income.
The property features two separate living spaces with private entrances, ideal for house hacking or rental income. Live in one unit and rent out the other, or continue operating both as a turnkey short-term rental business. Home is fully furnished and currently fully occupied with Airbnb guests including flight crews, travel nurses, and business travelers.
Seller offering $9,000 in closing cost assistance, making this an ideal property for FHA buyers. Ask about options for a 40-year FHA mortgage to lower monthly payments and increase affordability.
Key Highlights:
Single-family home with duplex-style layout
Strong Airbnb income history
High occupancy with recurring travel clientele
Average combined rental income: ~$8,400/month
Seller to contribute $9,000 toward buyer's closing costs
FHA/first-time buyer friendly – potential for low/no money down
Live in one unit, rent the other – or rent both
Fully furnished and rental-ready
Ask about 40-year FHA loan options to reduce monthly payment
This is a unique opportunity to own a property that offers both a primary residence and income-producing potential from day one.
Buyer to verify all information. Showings by appointment only.
Location
State GA
County Fulton
Area Hammond Park
Rooms
Other Rooms None
Dining Room None
Kitchen Breakfast Bar,Breakfast Room
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Tile,Vinyl,Wood
Fireplaces Number 1
Fireplaces Type Great Room
Equipment None
Laundry Common Area
Exterior
Exterior Feature None
Parking Features None
Fence None
Pool None
Community Features None
Utilities Available Cable Available,Electricity Available,Natural Gas Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Other
Story One
Foundation Block,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
Schools
Elementary Schools Emma Hutchinson
Middle Schools Crawford Long
High Schools South Atlanta
Others
Virtual Tour https://idx.paradym.com/idx/2977-5th-Street-SW-Atlanta-GA-30315/4931051/prt/37