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1475 Elizabeth Lane; Atlanta, GA 30344

$199,990

Turnkey Investment or Move-In Ready Starter Home in Colonial Hills! Welcome to this beautifully renovated 2-bedroom, 1-bath brick bungalow on a quiet dead-end street in Colonial Hills — minutes to Midtown, Downtown, I-75, and MARTA. Currently operating as a 4.95-star Airbnb with 21 five-star reviews, this home has proven success as both a short-term and long-term rental, making it a flexible, income-ready option for investors — or a perfect one-level starter home or downsize opportunity for owner-occupants. Recent updates include a roof replaced within the last 5 years, newer appliances, and a new washer/dryer. The light-filled kitchen features an eat-in breakfast nook, and the fully fenced backyard offers complete privacy — ideal for entertaining, gardening, or relaxing. Furnishings available separately for a true turnkey opportunity. This home also qualifies for 100% financing, another added benefit! With in town Atlanta access, proven rental income, and a fully renovated interior all under $200K, this is a rare value in today’s market — schedule your showing today.
Key Facts
  • Style:
  • Year Built: 1945
  • Status: Active
Schools
  • Elementary School: Hamilton E. Holmes
  • Middle School: Paul D. West
  • High School: Tri-Cities
Bedrooms
  • Beds Total: 2
Bathrooms
  • Baths Full: 1
  • Baths Half: 0
  • Main Full Baths: 1
  • Master Bath Features: Other

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Private & Public Schools Nearby

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    Hamilton E. Holmes Elementary

    2301 CONNALLY DR.; East Point, GA 30344
    Public PK-5th  |  710 students
    Metro Atlanta School Rank: 1068th
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    Paul D. West Middle School

    2376 HEADLAND DRIVE; East Point, GA 30344
    Public 6th-8th  |  831 students
    Metro Atlanta School Rank: 509th
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    Tri-Cities High School

    2575 HARRIS STREET; East Point, GA 30344
    Public 9th-12th  |  1,558 students
    Metro Atlanta School Rank: 361st

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Listing information last updated on August 10, 2026