Viewing Listing MLS# 382775060

$699,000 Reduced -$27,000
1724 Ridgeway Avenue
Atlanta, GA 30318
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1930Year Built
  • 0.17Acres
  • MLS# 382775060
  • Multifamily
  • Duplex
  • Active

  • Approx Time on Market6 months, 16 days
  • AreaN/A
  • CountyFulton - GA
  • Subdivision Underwood Hills

Overview

ATTENTION INVESTORS ! Here is a rare opportunity to obtain a spectacular renovated income producing, intown property for less than 800K! This Underwood Hills charming, legal duplex offers two bedrooms, two FULL baths each side with a delightful rocking chair covered front porch and a private back porch. Walk to Underwood Hills Park ,grocery restaurants and shops. The hustling and bustling hot Upper Westside offers The Works, The Interlock, Westside Provisions, Top Golf, Westside Park and Quarry which offers an amazing 280 acres which is the largest greenspace in the city ! Unit A has a long term tenant that has a newly signed a one year lease at 2600 . Unit B has recently been renovated and offers a new kitchen, new baths, new floors ,new paint and is currently vacant. Rent comps for condition and location for unit B would be an average of 2850 per month for a yearly lease. Air B&B one side and long term rent the other !The possibilities are endless with this unbelievable location with well known schools and superior accessibility to create a once in a lifetime opportunity to build wealth and equity! This property is priced to sell ! Tax records are incorrect.



Association Fees / Info

Hoa:  No

Community Features:  Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Playground, Sidewalks, Street Lights, Tennis Court(s)

Bathroom Info

Building Info

Habitable Residence:  Yes

Number of Units Total:  2

Exterior Features

Fence:  None

Pool Private:  No

County:  Fulton - GA

Acres:  0.17

Financial

Original Price:  $725,000

Owner Financing:  Yes

Cap Rate:  7

Gross Income:  65,400

Garage / Parking

Parking Features:  Driveway, Level Driveway, Parking Lot

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  None

Levels:  Two

Lot Info

Lot Size Source:  Other

Lot Features:  Level

Misc

Property Attached:  No

Home Warranty:  Yes

Open House

Other

Property Info

Construction Materials:  HardiPlank Type

Year Built:  1,930

Property Condition:  Resale

Roof:  Composition, Shingle

Property Type:  Residential Income

Rental Info

Land Lease:  Yes

Special Features

Green Features:  None

Special Listing Conditions:  None

Special Circumstances:  Investor Owned

Tax Info

Tax Amount Annual:  7140

Tax Year:  2,023

Tax Parcel Letter:  17-0152-0001-019-9

Unit Info

Utilities / Hvac

Cool System:  Central Air

Heating:  Natural Gas

Utilities:  Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Sewer:  Public Sewer

Waterfront / Water

Water Body Name:  None

Water Source:  Public

Waterfront Features:  None

Schools

Elem:  E. Rivers

Middle:  Willis A. Sutton

High:  North Atlanta

Directions

Enter property from Ridgeway or enter from Springer . You can either park in front or back but please enter home from front door.

Listing Provided courtesy of Keller Williams Buckhead 

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Information was last updated: 11-13-2024 2:00 AM EST est.

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Price & Status History (on sharondoverrealestate.com since Sat, Apr 27th 2024)
  • Original Price: $725,000
  • Current Price: $699,000
  • Price Reduced: $26,000
Date ChangedFromTo
07/09/2024$726,000 $699,000 Reduced by $27,000
06/11/2024$725,000 $726,000 Increase by $1,000