$350,000
$374,900
6.6%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 08/30/2023
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision River Park
MLS Listing ID 7190001
Year Built 1950
Annual Tax Amount $2,249
Tax Year 2022
Lot Size 0.275 Acres
Property Description
Rare find in the City of Atlanta! A five bedroom, three bathroom (upper unit) and a two bedroom, one bath (lower unit) duplex. A total of seven bedrooms and four bathrooms in one income producing property. The upper unit provides multiple options for producing income. It can be leased for long term rental (Atlanta Housing Authority can provide up to $2,500.00 per month for a qualified tenant. The upper unit could be rented by the room either weekly or monthly, or the property could be modified and used as a short-term rental such as AirBnb or group home. The lower unit is currently rented at below market rate to a long-term tenant at $950.00 per month, but the market rate for the unit is approximately $1,050.00 per month. The property is conveniently located near major expressways and shopping and is accessible to public transportation should your potential tenant require such amenities. Upper unit is in move in condition and available for immediate occupancy. Tenant occupies the lower unit, so please do not disturb until due diligence and then by appointment only.
BACK ON THE MARKET-Seller will only entertain serious offers.
Location
State GA
County Fulton
Interior
Heating Central, Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Zoned
Flooring Hardwood, Vinyl
Exterior
Parking Features Driveway
Fence Chain Link, Fenced
Community Features Near Marta, Near Schools, Near Shopping, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Trees/Woods, Other
Roof Type Composition, Shingle
Building
Lot Description Sloped, Wooded
Story Three Or More
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Parklane
Middle Schools Paul D. West
High Schools Tri-Cities
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067