Viewing Listing MLS# 410866370
Atlanta, GA 30315
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1940Year Built
- 0.29Acres
- MLS# 410866370
- Multifamily
- Other
- Active
- Approx Time on Market6 days
- AreaN/A
- CountyFulton - GA
- Subdivision Atlanta-Fulton
Overview
Incredible Cash Flow Investment Opportunity: 4-Unit Property with $4,600+Monthly IncomeLooking for steady cash flow and strong rental income potential? This 4-unitproperty offers an outstanding $4,600+ in monthly income and the flexibility to berented long-term or converted to short-term rentals (Airbnb). Located in a highlydesirable area near downtown Atlanta, this property is perfect for savvy investorslooking to capitalize on both consistent cash flow and property appreciation.Property Highlights:? $4,600+ Monthly Cash Flow: With three of the four units currently occupied(Unit #3 is available), this property provides immediate income with the potentialfor further revenue growth through short-term rentals like Airbnb.? Updated and Move-In Ready: Two of the units have been fully renovated in2023, ensuring modern finishes and reducing immediate maintenance needs. Allunits feature new vinyl hardwood flooring (no carpet), which enhances appealand simplifies upkeep.? Flexibility in Leasing: The propertys versatile rental options (long-term orshort-term) make it a great investment for maximizing returns, depending onmarket conditions and tenant demand.Unit Breakdown:Unit 1 - Fully Renovated Basement Apartment (2023)? Private entrance with a basement-level entry (5 steps down).? Brand new kitchen with granite countertops, stainless steel appliances (fridge &stove), and a modern stainless steel sink.? New vinyl hardwood flooring (no carpet!).? Updated bathroom and fixtures.? Shared washer/dryer with Unit 2, located in the hallway between both units.Unit 2 - Fully Renovated Large Studio/1-Bedroom Basement Apartment (2023)? Private entrance, with a modern open-concept studio/1-bedroom layout.? New kitchen featuring granite countertops, stainless steel appliances (fridge &stove), and new stainless steel sink.? Updated bathroom with new vanity and light fixtures.? New vinyl hardwood flooring (no carpet!).
Association Fees / Info
Hoa: No
Community Features: Other, Public Transportation, Sidewalks, Street Lights
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 4
Exterior Features
Fence: None
Pool Private: No
County: Fulton - GA
Acres: 0.29
Financial
Original Price: $485,000
Owner Financing: No
Gross Income: 4,600
Garage / Parking
Parking Features: Attached, Driveway, Garage, Level Driveway, Parking Lot
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Carbon Monoxide Detector(s)
Levels: Three Or More
Lot Info
Lot Size Source: Assessor
Lot Features: Level, Private
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Brick, Frame
Year Built: 1,940
Property Condition: Updated/Remodeled
Roof: Composition, Shingle
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Investor Owned, Owner Will Consider Exchange
Tax Info
Tax Amount Annual: 5034
Tax Year: 2,022
Tax Parcel Letter: 14-0093-0003-124-4
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
Heating: Electric, Forced Air, Other, Wall Unit(s)
Utilities: Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
GPSListing Provided courtesy of Chapman Hall Realtors