$339,000

477 Fairlane Circle NW, Atlanta, GA 30331

other
Built in 1960
8,712sqft lot
—— car garage
$——/sqft
Listed 29 days ago

Property Description

Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated property offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.

Listing Status:: Active
Date Added:: June 28, 2026
Data Last Updated:: July 27, 2026 at 7:07AM
Listing Office:: Coldwell Banker Realty : 404-252-4908
Listing Agent:: Rick Wiley : 404-620-1400
MLS ID:: 7795980

Flooring: Vinyl
A/C: Attic FanCeiling Fan(s)Central Air
Heating: Central
Disability Feature: None
Eco/Green Feature: InsulationRoofNone

Parking: DrivewayParking spaces: 4

Roofing: Composition
Windows: Insulated Windows
General: BlockTwo

Originating MLS: First Multiple Listing Service
County: Fulton - GA

Zoning: 014 024200040385
View: Other
Fencing: None

Utilities: Underground Utilities
Water: Public
Sewer: Public Sewer

Source: First Multiple Listing Service

This listing courtesy of Rick Wiley , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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