Ormewood Park Homes with Two Levels

Ormewood Park Homes with Two Levels

Welcome to Ormewood Park, a hidden gem nestled in the vibrant heart of Atlanta, Georgia. This charming subdivision offers a unique blend of urban convenience and suburban tranquility, making it one of the most sought-after neighborhoods in Fulton County. Known for its tree-lined streets and a strong sense of community, Ormewood Park is perfect for families, young professionals, and anyone looking to embrace the best of Atlanta living.

One of the standout features of this delightful neighborhood is its collection of beautiful two-level homes. These residences boast spacious layouts that provide ample room for both relaxation and entertainment. With multiple bedrooms, generous living spaces, and modern amenities, they are designed to cater to the diverse needs of today’s homeowners. Many of these homes come with inviting backyards, perfect for weekend barbecues or quiet evenings under the stars.

Living in Ormewood Park means you’re just a stone’s throw away from the eclectic shops, trendy restaurants, and vibrant nightlife of Atlanta’s Eastside. Enjoy leisurely strolls through the nearby parks or take advantage of the neighborhood’s proximity to the BeltLine, a popular trail for walking, running, and biking.

Whether you're looking to settle down or invest in a property with character and charm, Ormewood Park offers the perfect blend of community, convenience, and comfort. Experience the warmth of Southern hospitality and the excitement of city living in this remarkable Atlanta neighborhood. Come discover your new home in Ormewood Park today!

Newest Ormewood Park Homes with Two Levels

$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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