437 Collier Ridge Drive Nw, Atlanta, GA 30318
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
437 Collier Ridge Drive Nw,Atlanta, GA 30318
$314,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:chevel brown
Office:limitless holdings re brokerage
MLS#:10554551
Source:METROMLS
Price summary
- Price:$314,900
About this home
Welcome to 437 Collier Ridge Drive NW, a smartly priced and thoughtfully renovated home in the historic Collier Heights neighborhood-offering immediate move-in and investor-ready execution. Turnkey for traditional occupancy or savvy investors looking for a home with built-in income-generating potential. Whether a home buyer or investor. This could work for your needs. This property is perfectly set up as a 5-bedroom PadSplit, complete with 2 private bathrooms and 3 shared. Virtual Tour provided. Investment Highlights: Strategic Location for Traveling Professionals - Less than a 12-minute drive (6.3 miles) to Emory University Hospital Midtown, placing you in the sweet spot for traveling nurses and medical staff seeking flexible housing near campus. Strong Demand Corridor - Collier Heights is a revitalized, historically significant neighborhood that draws both long-term renters and professionals for its character and charm. Exceptional Cash Flow Potential - Fully configured as a PadSplit, average weekly rents of $267 for private baths and $173 for shared baths deliver compelling revenue streams. Conservative modeling shows a breakeven occupancy of only ~71%, offering strong downside protection. High ROI - Based on a DSCR loan at 80% LTV and 7.5% interest, your annual NOI (before debt service) is projected at $37K, while leveraged cash-on-cash return stands near 25% - an enviable return in any rental market. Minimal Renovation Required - Just $1,500 needed to finalize the 5th bedroom creation (wall addition), making this a near-turnkey buy-and-go opportunity. Modern & Low-Maintenance Setup - Monthly expenses include mortgage, utilities, insurance, taxes, maintenance, and an 8% management fee - all structured for streamlined operations. Why This Stands Out: This property isn't just a rental-it's a high-yield, socially impactful housing solution that appeals directly to traveling nurses, healthcare rotators, and workforce professionals who prioritize affordability and location convenience. The efficiency, low renovation cost, and exceptional ROI make it a compelling opportunity for investors looking for purpose-built multi-tenant housing. Secondary listing ID is 10546820 for residential.
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Home facts
- Year built:1948
- Listing Id #:10554551
- Updated:August 15, 2025 at 04:22 AM
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1948
- Lot area:0.26 Acres
Schools
- High school:Douglass
- Middle school:J. L. Invictus Academy
- Elementary school:Usher
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$314,900
- Tax amount:$3,950 (22)
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