Ormewood Park Homes with 2 Stories

Ormewood Park Homes with 2 Stories

Welcome to Ormewood Park, a charming subdivision nestled in the heart of Atlanta, Georgia. Known for its vibrant community spirit and picturesque tree-lined streets, Ormewood Park offers a delightful retreat from the hustle and bustle of city life while still keeping you close to all the urban amenities you crave.

This enchanting neighborhood is characterized by its beautiful homes, many of which proudly feature two-story designs that provide ample space for families and individuals alike. With their inviting exteriors and well-thought-out layouts, these two-story residences are perfect for those who appreciate both style and functionality. Imagine cozy evenings spent in your spacious living room or entertaining friends on your expansive patio – the possibilities are endless!

Ormewood Park is not just about stunning homes; it’s also a community that values connection. Residents enjoy easy access to local parks, trendy eateries, and unique shops that dot the area. The neighborhood’s close-knit atmosphere encourages friendly interactions and fosters a sense of belonging, making it an ideal place for families, young professionals, and retirees alike.

For those who appreciate the convenience of city living without sacrificing the charm of a suburban lifestyle, Ormewood Park is the perfect choice. Explore your future in this inviting neighborhood where modern living meets Southern hospitality. Discover your dream two-story home in Ormewood Park today, and start creating lasting memories in this vibrant Atlanta community!

Newest Ormewood Park Homes with 2 Stories

$815,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

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