Ormewood Park Homes with 2 Stories

Ormewood Park Homes with 2 Stories

Welcome to Ormewood Park, a hidden gem nestled in the vibrant heart of Atlanta, Georgia. This charming subdivision, located in Fulton County, offers a unique blend of urban convenience and suburban tranquility, making it an ideal place for families, young professionals, and anyone looking to enjoy a rich community atmosphere.

Ormewood Park is characterized by its tree-lined streets, historic homes, and a strong sense of community spirit. The area boasts a diverse selection of two-story homes that perfectly capture the essence of Southern charm. With their spacious layouts and inviting designs, these residences are ideal for families seeking room to grow or individuals desiring a stylish space to call home. Many of these homes feature modern amenities while retaining their classic architectural appeal, ensuring that you can enjoy the best of both worlds.

Living in Ormewood Park means you’re just a stone’s throw away from some of Atlanta’s most popular attractions. Enjoy leisurely strolls to local parks, trendy cafes, and boutique shops that line the streets. The community is also conveniently located near major highways, providing easy access to downtown Atlanta and beyond.

Whether you’re looking to settle down in a welcoming neighborhood or invest in a property with character and charm, Ormewood Park has something for everyone. Come explore this delightful community and discover why it’s one of Atlanta’s most sought-after places to live. Your dream home awaits in Ormewood Park!

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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