Viewing Listing MLS# 404135134

$499,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$499,000 Reduced -$26,000
616 Moreland Avenue
Atlanta, GA 30316
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1948Year Built
  • 0.20Acres
  • MLS# 404135134
  • Multifamily
  • Duplex
  • Active


Overview

Charming Turn-Key Duplex in East Atlanta Village.Seize the chance to own this income-producing duplex located in the highly sought-after East Atlanta Village. This traditional brick bungalow is a true gem, offering a prime investment opportunity in one of Atlanta's hottest in-town neighborhoods. Nestled within walking distance to Brownwood Park, a variety of restaurants including Banshee, a vibrant food hall, and shops, this is an unbeatable location. It's perfect for investors looking for a seamless, turn-key rental property or a savvy homeowner wanting to live in one unit and rent the other.This duplex includes Unit A, which features a spacious layout with 3 bedrooms and 2 full baths, complete with separate front and side entrances. Unit B offers a cozy setup with 2 bedrooms and 1 bath, along with a separate living room. The interior of the property showcases beautiful hardwood floors, modern kitchens with updated cabinets and slate tile, newer appliances, and bathrooms enhanced with slate and subway tiles. The property also offers an inviting front porch, perfect for relaxation, with easy access to all the amenities and entertainment that East Atlanta Village has to offer. Parking is ample, with plenty of space and accessible through a back alley or the driveway on Moreland Ave. Units are side by side, and both units have private entrances and porch access, along with their own washer and dryer hookups, separate meters, and water paid by the landlord. Systems of the house are well maintained and with updated plumbing and sewer line in 2022, and a new vapor barrier in the crawlspace.Both units are currently rented with long term tenants, and the lease agreements will be transferred to the buyer at closing.Please be aware that all units are tenant-occupied; respect their privacy by not walking through the property.This duplex offers everything an investor or homeowner could desire: a prime location, a well-maintained property, great tenants, and a strong rental history. Dont miss out on this exceptional opportunity in East Atlanta Village!



Association Fees / Info

Hoa:  No

Community Features:  None

Bathroom Info

Building Info

Habitable Residence:  No

Number of Units Total:  2

Exterior Features

Fence:  Wood

Pool Private:  No

County:  Dekalb - GA

Acres:  0.20

Financial

Original Price:  $525,000

Owner Financing:  No

Garage / Parking

Parking Features:  Level Driveway

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  None

Levels:  One

Lot Info

Lot Size Source:  Public Records

Lot Features:  Private

Lot Size:  161 x 60

Misc

Property Attached:  No

Home Warranty:  No

Open House

Other

Property Info

Construction Materials:  Brick 4 Sides

Year Built:  1,948

Property Condition:  Resale

Roof:  Composition, Shingle

Property Type:  Residential Income

Rental Info

Land Lease:  No

Special Features

Green Features:  None

Special Listing Conditions:  None

Special Circumstances:  None

Tax Info

Tax Year:  2,024

Tax Parcel Letter:  15-176-04-051

Unit Info

Utilities / Hvac

Cool System:  Central Air

Heating:  Central

Utilities:  Electricity Available, Sewer Available, Water Available, Other

Sewer:  Public Sewer

Waterfront / Water

Water Body Name:  None

Water Source:  Public

Waterfront Features:  None

Schools

Elem:  Burgess-Peterson

Middle:  Martin L. King Jr.

High:  Maynard Jackson

Directions

From I-20 to Moreland Ave, turn left into the driveway - For showings, in order to avoid blocking the tenants - please park on Emerson Ave or Pendleton St and take the sidewalk to the front of the Moreland Ave.

Listing Provided courtesy of Keller Williams Realty Metro Atlanta 

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

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Price & Status History (on sharondoverrealestate.com since Wed, Sep 11th 2024)
  • Original Price: $525,000
  • Current Price: $499,000
  • Price Reduced: $26,000
Date ChangedFromTo
10/10/2024$525,000 $499,000 Reduced by $26,000