Viewing Listing MLS# 408466713
Atlanta, GA 30312
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1920Year Built
- 0.14Acres
- MLS# 408466713
- Multifamily
- Triplex
- Active
- Approx Time on Market25 days
- AreaN/A
- CountyFulton - GA
- Subdivision Old Fourth Ward
Overview
This legal triplex of mammoth size offers a fantastic investment opportunity in the heart of the Old Fourth Ward. Each of the three units is individually metered for utilities, providing an efficient management setup. The property features private front and back entrances for each apartment, enhancing privacy and convenience for tenants. Located near popular Atlanta destinations like the Beltline, Freedom Parkway, Krog Street Market, and Edgewood Avenue, this property is ideal for residents seeking a vibrant, walkable neighborhood. The property combines old-world charm with modern amenities. It was originally built in 1920, and while it retains many of its historic featuressuch as exposed brick, heavy millwork, and hardwood floorsit has been upgraded with high-end finishes throughout. The kitchens are outfitted with granite countertops and stainless-steel appliances, while select rooms feature new hardwood floors. The homes soaring 12-foot ceilings create a spacious, airy feel on both levels. The entire exterior was freshly painted in 2020, adding to its curb appeal, while the back deck was completely reconstructed in 2022 with heavy-duty 2x6 decking construction. The property includes parking for five vehicles in the back, with additional street parking available for guests. The landscaping is easy to maintain, requiring minimal upkeep, with only the front yard needing attention. See the document section for the financial statement and additional property information.
Association Fees / Info
Hoa: No
Community Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 3
Exterior Features
Fence: None
Pool Private: No
County: Fulton - GA
Acres: 0.14
Financial
Original Price: $1,195,850
Operating Expense: 24296
Net Operating Income: 68,103
Owner Financing: No
Cap Rate: 5.69
Gross Income: 92,400
Garage / Parking
Parking Features: Parking Lot, Varies by Unit
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Carbon Monoxide Detector(s)
Levels: Two
Lot Info
Lot Size Source: Public Records
Lot Features: Private
Lot Size: 39x155x30x154
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Cement Siding, Frame
Year Built: 1,920
Property Condition: Resale
Roof: Composition, Ridge Vents
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: Windows
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 21854
Tax Year: 2,024
Tax Parcel Letter: 14-0046-0006-108-2
Unit Info
Utilities / Hvac
Cool System: Central Air, Electric
Heating: Central, Electric, Forced Air
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
GPS FriendlyListing Provided courtesy of Re/max Metro Atlanta Cityside
MLS# 407695428