Viewing Listing MLS# 399344564

$299,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$299,000 Increase +$9,100
2148 Meador Avenue
Atlanta, GA 30315
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1959Year Built
  • 0.33Acres
  • MLS# 399344564
  • Multifamily
  • Other
  • Active

  • Approx Time on Market3 months, 2 days
  • AreaN/A
  • CountyFulton - GA
  • Subdivision Cloverdale

Overview

This Section 8 income-producing property is approved for $2,700 per month. It currently generates $1,350, with one tenant occupying the main unit. The fully renovated home features 2 bedrooms, 2 bathrooms, and includes a private in-law suite with a kitchenette. The seller is contributing $5,000 toward closing costs and offering a complimentary one-year home warranty. Capitalize on the demand for Section 8 housing and secure a combined rental income of $2,700 per month, OR live in one unit and rent out the other to offset the mortgage payment. This cash cow boasts upgraded HVAC, kitchen, bathrooms, stainless steel appliances, water heater, and updated electrical and plumbing systems. The property is in a prime location near the interstate, downtown Atlanta, Southside Beltline, and Lakewood Amphitheater. Contact the listing agent for 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:  1

Exterior Features

Fence:  Back Yard, Fenced

Pool Private:  No

County:  Fulton - GA

Acres:  0.33

Financial

Original Price:  $329,000

Owner Financing:  No

Garage / Parking

Parking Features:  Carport

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  None

Levels:  Two

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:  Brick, Brick 4 Sides

Year Built:  1,959

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

Tax Info

Tax Amount Annual:  4262

Tax Year:  2,023

Tax Parcel Letter:  14-0059-0001-056-2

Unit Info

Utilities / Hvac

Cool System:  Central Air

Heating:  Central

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

Sewer:  Public Sewer

Waterfront / Water

Water Body Name:  None

Water Source:  Public

Waterfront Features:  None

Schools

Elem:  John Wesley Dobbs

Middle:  Crawford Long

High:  South Atlanta

Directions

Gps Friendly

Listing Provided courtesy of Keller Williams Realty Atl North 

Mortgage Calculator

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Information was last updated: 11-10-2024 7:14 PM EST est.

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Price & Status History (on sharondoverrealestate.com since Thu, Aug 8th 2024)
  • Original Price: $329,000
  • Current Price: $299,000
  • Price Reduced: $30,000
Date ChangedFromTo
10/25/2024Active Under ContractActive
10/10/2024ActiveActive Under Contract
10/07/2024$289,900 $299,000 Increase by $9,100
08/12/2024$329,000 $289,900 Reduced by $39,100