Ormewood Park Homes with 2 Stories

Ormewood Park Homes with 2 Stories

Welcome to Ormewood Park, a charming and vibrant neighborhood nestled in the heart of Atlanta, Georgia. This hidden gem in Fulton County is known for its picturesque tree-lined streets, historic homes, and a welcoming community spirit that makes it a perfect place to call home.

Ormewood Park boasts an eclectic mix of architectural styles, with many of its homes featuring the beloved two-story design. These spacious residences offer an abundance of living space, ideal for families, professionals, and anyone looking to enjoy the comforts of a well-designed home. With two stories, you can enjoy a thoughtful layout that maximizes both privacy and togetherness, making it easy to entertain guests or unwind after a long day.

The neighborhood is not just about beautiful homes; it is also rich in amenities and local attractions. Residents can enjoy easy access to parks, boutique shops, and a variety of dining options, all within a short stroll or bike ride. Whether you’re grabbing a coffee at a local café or spending a sunny afternoon at the nearby Ormewood Park, there’s always something to do.

Furthermore, the community's commitment to sustainability and local initiatives fosters a friendly atmosphere that encourages neighborly interactions. With its prime location just minutes from downtown Atlanta, Ormewood Park offers the perfect balance of suburban tranquility and urban convenience.

If you’re searching for a home that combines character, community, and convenience, look no further than Ormewood Park. Explore the possibilities of two-story living in this delightful neighborhood and discover why so many people are proud to call it home!

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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