$1,900,000
$1,989,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 08/27/2024
Key Details
Sold Price $1,900,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision D.M. Matthews
MLS Listing ID 7379455
Year Built 1955
Annual Tax Amount $2,725
Tax Year 2023
Lot Size 8,712 Sqft
Property Description
**July 8 is now available for inspections and showing. Please email agent to be added to the appointment schedule.** This rare opportunity to own a one-of-a-kind, 6-unit gem in Atlanta's coveted Candler Park/Lake Claire. Nestled across from Pullman Yards, it boasts walkability, proximity to MARTA, and easy access to attractions - a tenant magnet. Six fully equipped units offer proven tenant demand and rental income flexibility, as they can be positioned for long, short, and mid-term rental options. The property comprises four units in the main structure; the garage building houses two units - a converted garage apartment and a luxurious carriage house with a loft. Upgraded systems minimize upkeep and maximize profitability while providing a quality experience for your tenants. The versatile layout caters to a broad range of renters: Two spacious 1-bedroom units. Two well-laid-out studio units. One industrial-chic garage conversion. A luxurious one-bedroom + bonus bedroom loft in the carriage house. Six off-street parking spaces are conveniently located in the back of the property. Personally owned long-term by an award-winning Atlanta builder, this property has been meticulously renovated, maintained, and cared for. Sustainable practices shine through with repurposed materials crafted into bespoke fixtures and furnishings. Durable finishes - hardwood floors, granite, concrete, and natural wood - grace the units. Beyond the prime location, tenants and guests enjoy ample storage, in-unit laundry, and quality appliances. Energy-saving electric mini-split HVAC systems and tankless water heaters provide reliable, low-cost run utilities. This Atlanta multi-family property is an established, furnished, and stocked rental business that is ready for immediate income generation. Proximity to MARTA and significant travel corridors provides seamless access to Emory and Decatur, Downtown, the Beltline, and Ponce City Market. Walkable parks, restaurants, and entertainment options create a vibrant lifestyle for your tenants. This exceptional property unlocks prime access to Atlanta's in-town living, perfect for business travelers and explorers. A proven favorite with renters, it presents a remarkable opportunity to capitalize on Atlanta's thriving market. Additional details for investors: Six units, zoned C2, cash or commercial residential financing. Limited access due to high occupancy. Showings for pre-qualified buyers on open units when available with full access coordinated during due diligence. Earnings are available upon request. Five units are booked with short-term rentals, one unit is month-to-month.
Location
State GA
County Dekalb
Interior
Heating Central, Ductless, Electric, Natural Gas
Cooling Ceiling Fan(s), Central Air, Ductless, Electric, Multi Units
Flooring Concrete, Hardwood
Exterior
Parking Features Paved, See Remarks, Varies by Unit
Fence Front Yard, Privacy
Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Public Transportation, Restaurant, Sidewalks, Street Lights, Other
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City, Trees/Woods, Other
Roof Type Composition,Shingle
Building
Lot Description Level, Rectangular Lot, Other
Story One
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Block,Cement Siding
New Construction No
Schools
Elementary Schools Mary Lin
Middle Schools David T Howard
High Schools Midtown
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067