8,999 Sqft Lot
8,999 Sqft Lot
OPEN HOUSE
Sat Dec 21, 1:00pm - 2:00pm
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 7491484
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1938
Annual Tax Amount $3,676
Tax Year 2023
Lot Size 8,999 Sqft
Acres 0.2066
Property Description
INVESTORS or Owner-Occupant Buyers!!
This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller's general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Window Features Insulated Windows,Window Treatments
Exterior
Parking Features Driveway, Level Driveway
Fence Fenced, Front Yard, Wood
Community Features Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Trees/Woods
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Woodson Park Academy
Middle Schools Fulton - Other
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 017400070038
Special Listing Condition None
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067