This tenant-occupied 3 bedroom, 1 bathroom investment property offers immediate cash flow with a stable tenant paying $1,350 per month. Recently updated throughout, the property features a renovated interior, including an updated kitchen and bathroom, along with major system upgrades such as a new roof and new HVAC for added peace of mind and reduced maintenance. This is a turnkey opportunity for investors seeking a performing asset from day one with consistent rental income already established. The functional layout supports strong rental demand and long-term tenant retention. The property offers convenient access to major roadways including I-285 and I-20, providing easy connectivity throughout the metro area. The surrounding area also offers proximity to public transportation options, retail, and local services, further supporting rental stability. With immediate income, recent upgrades, and strong rental demand in the area, this property presents an excellent opportunity for investors looking to expand or strengthen their rental portfolio.
Glenrose Heights, located between East Atlanta Village and the South River corridor, is a residential and hillside Atlanta neighborhood with winding streets and wooded pockets. The neighborhood’s character concentrates around the Glenwood Ave SE and Flat Shoals Rd SE junction, where small storefronts, takeout counters, and everyday errands set a steady, local rhythm. Nearby pillars such as The EARL, 529, and the East Atlanta Farmers Market help define the area’s creative, music-forward culture. Housing leans toward mid-century ranches and newer infill on sloped lots, with long driveways and tree cover shaping the streetscape. Outdoor time often points toward the South River Trail and the broader network of greenways and parks. The feel is low-key and practical, with city energy most noticeable along the East Atlanta commercial strips.
Provided by Walk Score and Local Logic
Offer insights
2766 Waters Rd SW · $135,000
$135K and above
75% chance or better to win
Why $135K+ is a strong offer
DAYS ON MARKET
105 days
The average home goes pending in 86 days.
SALE-TO-LIST
113.2%
Most homes are selling 13% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Central air conditioning
Central heating
Resale property
Bedrooms
3 bedrooms
Bathrooms
1 bathroom
Kitchen
Range/oven
Refrigerator
Laundry & utility
Washer/dryer connections
Maintenance included for unit
Heating & cooling
Central heating
Central air
Exterior features
Driveway
Open parking
Cable available
Electricity available
Natural gas available
Phone service available
Sewer available
Water available
Public water
Public sewer
Home design
One-level home
Parking
4 total parking spaces
Driveway parking
Construction
Wood siding exterior
Composition roof
Utilities
Public water
Public sewer
Cable available
Electricity available
Natural gas available
Phone service available
Financial info
Property is a single-unit multi-family (1 unit)
Unit currently rented for $1,350 with $1,350 deposit
Tenant occupies the unit
Electric not included; gas not included; water not included; garbage included; maintenance included
Electricity and solar
View estimated energy costs and solar savings for this home
This tenant-occupied 3 bedroom, 1 bathroom investment property offers immediate cash flow with a stable tenant paying $1,350 per month. Recently updated throughout, the property features a renovated interior, including an updated kitchen and bathroom, along with major system upgrades such as a new roof and new HVAC for added peace of mind and reduced maintenance. This is a turnkey opportunity for investors seeking a performing asset from day one with consistent rental income already established. The functional layout supports strong rental demand and long-term tenant retention. The property offers convenient access to major roadways including I-285 and I-20, providing easy connectivity throughout the metro area. The surrounding area also offers proximity to public transportation options, retail, and local services, further supporting rental stability. With immediate income, recent upgrades, and strong rental demand in the area, this property presents an excellent opportunity for investors looking to expand or strengthen their rental portfolio.
Public Records
Oct 12, 2022
Sold
$59,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,713
$39,400 + $2,480
$41,880
2024
$1,715 (+7.4%)
$39,400 + $2,480
$41,880
2023
$1,597 (+1.2%)
$39,400 + $17,880
$57,280
2022
$1,578 (+131.0%)
$20,800 + $18,200
$39,000
2020
$683 (+1.4%)
$4,000 + $12,680
$16,680
2019
$674 (+273.3%)
$3,920 + $12,480
$16,400
2018
$181 (−0.5%)
$3,920 + $12,480
$16,400
2017
$181 (−0.3%)
$2,040 + $2,320
$4,360
2016
$182
$1,960 + $2,240
$4,200
2015
$182 (−4.2%)
$1,960 + $2,240
$4,200
2014
$190 (−26.8%)
$1,960 + $2,240
$4,200
2012
$259 (−32.1%)
$1,680 + $1,920
$3,600
2011
$382 (−59.8%)
$3,320 + $2,520
$5,840
2010
$950 (−10.5%)
$9,160 + $12,360
$21,520
2009
$1,062
$10,680 + $13,360
$24,040
2008
$1,062
$10,680 + $13,360
$24,040
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
—
Finished Sq. Ft.
630
Unfinished Sq. Ft.
—
Total Sq. Ft.
630
Year built
1935
Style
Single Family Residential
County
Fulton County
APN
14 006100010204
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 8, 2025.
R-4
Single-Family Residential District
The intent of this chapter in establishing the R-4 Single-Family Residential District is as follows: To provide for the protection of existing single-family communities and the development of new communities on lots of medium size at a density of not more than 1 dwelling unit per 9,000 sq ft.; To provide for the development of recreational, educational and religious facilities as basic elements of a balanced community.
Permitted uses
Include but are not limited to:
Housing-Single unit
Educational / school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
6 days above 104° expected this year, 15 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Atlanta, GA • 30354
Average low and high temperatures (°F)
52
34
62
42
72
50
78
58
80
63
87
70
92
75
88
71
84
68
76
57
67
49
58
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2766 Waters Rd SW
$125,534
$9,466 under list price of $135K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $50K to $330K.