Ormewood Park Homes with 2 Stories

Ormewood Park Homes with 2 Stories

Welcome to Ormewood Park, a charming and vibrant subdivision nestled in the heart of Atlanta, Georgia. Known for its rich history and eclectic character, Ormewood Park offers a unique blend of urban convenience and suburban tranquility. This picturesque neighborhood is situated within Fulton County, making it a sought-after destination for families, young professionals, and anyone looking to enjoy the best of city living.

One of the standout features of Ormewood Park is its stunning collection of two-story homes. These residences embody a perfect balance of modern design and traditional Southern charm. With spacious floor plans, high ceilings, and abundant natural light, these homes are designed to create an inviting atmosphere for both entertaining and everyday living. Many of the two-story homes boast beautifully landscaped yards, front porches ideal for sipping sweet tea, and back patios perfect for summer barbecues.

Living in Ormewood Park means immersing yourself in a close-knit community that values connection and creativity. Residents enjoy easy access to local parks, boutique shops, and a variety of dining options that reflect the diverse culture of Atlanta. The neighborhood is also conveniently located near major highways and public transportation, making commuting a breeze.

Whether you’re a first-time homebuyer or looking to settle down in a family-friendly environment, Ormewood Park’s two-story homes offer the perfect backdrop for creating lasting memories. Discover the charm of this enchanting neighborhood and find your dream home in Ormewood Park today!

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

Listing courtesy of Keller Knapp, Inc.

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