Viewing Listing MLS# 386424317

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$310,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$310,000 Reduced -$10,000

2065 Morehouse Drive
Atlanta, GA 30314

N/ABeds
N/AFull Baths
N/AHalf Baths
N/A SqFt
1938Year Built
0.21Acres

MLS# 386424317
Multifamily
Other
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Approx Time on Market5 months, 15 days
AreaN/A
CountyFulton - GA
Subdivision Dixie Hills

Overview

Excellent turnkey SECTION 8 income-producing property generating $2,700 in guaranteed monthly gross income. Beautifully renovated and set up like a duplex, with the landlord covering utilities. This is a great opportunity for savvy buy-and-hold investors to leverage with a loan, net a monthly profit, and gain equity. The seller will significantly buy down the interest rate for the entire duration of the loan, ensuring a positive cap rate. Additionally, the seller is contributing $5,000 towards closing costs and offering a complimentary one-year home warranty. Please reach out to the listing agent to request a comprehensive financial analysis.

Association Fees / Info

Hoa: No

Community Features: Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway

Bathroom Info

Building Info

Habitable Residence: No

Number of Units Total: 2

Exterior Features

Fence: Fenced, Front Yard, Wood

Pool Private: No

County: Fulton - GA

Acres: 0.21

Financial

Original Price: $349,000

Owner Financing: No

Garage / Parking

Parking Features: Driveway, Level Driveway

Green / Env Info

Green Energy Generation: None

Handicap

Accessibility Features: None

Interior Features

Security Ftr: Security Service

Levels: One

Lot Info

Lot Size Source: Public Records

Lot Features: Level

Lot Size: x

Misc

Property Attached: No

Home Warranty: No

Open House

Other

Property Info

Construction Materials: Vinyl Siding

Year Built: 1,938

Property Condition: Updated/Remodeled

Roof: Composition

Property Type: Residential Income

Rental Info

Land Lease: No

Special Features

Green Features: None

Special Listing Conditions: None

Special Circumstances: Investor Owned, No disclosures from Seller

Tax Info

Tax Amount Annual: 3676

Tax Year: 2,023

Tax Parcel Letter: 14-0174-0007-003-8

Unit Info

Utilities / Hvac

Cool System: Central Air

Heating: Central

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

Sewer: Public Sewer

Waterfront / Water

Water Body Name: None

Water Source: Public

Waterfront Features: None

Schools

Elem: Woodson Park Academy

Middle: Fulton - Other

High: Frederick Douglass

Directions

GPS Friendly

Listing Provided courtesy of Keller Williams Realty Atl North

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Information was last updated: 11-10-2024 10:03 AM EST est.

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Price & Status History (on sharondoverrealestate.com since Sat, May 25th 2024)

Original Price: $349,000
Current Price: $310,000
Price Reduced: $39,000

Date Changed	From	To
08/15/2024	$320,000	$310,000 Reduced by $10,000
07/10/2024	$349,000	$320,000 Reduced by $29,000