Viewing Listing MLS# 386418577

$310,000 | 2 beds | 2 full baths | N/A half baths | N/A sqft

$310,000 Reduced -$10,000
2065 Morehouse Drive
Atlanta, GA 30314
  • 2Beds
  • 2Full Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1938Year Built
  • 0.21Acres
  • MLS# 386418577
  • Residential
  • Single Family Residence
  • Active

  • Approx Time on Market3 months, 25 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

Main Bathroom Level:  2

Total Baths:  2.00

Fullbaths:  2

Room Bedroom Features:  Master on Main, Roommate Floor Plan, Split Bedroom Plan

Bedroom Info

Beds:  2

Building Info

Habitable Residence:  No

Business Info

Equipment:  None

Exterior Features

Fence:  Fenced, Front Yard, Wood

Patio and Porch:  Deck, Front Porch

Exterior Features:  Lighting, Rain Gutters

Road Surface Type:  Asphalt

Pool Private:  No

County:  Fulton - GA

Acres:  0.21

Pool Desc:  None

Fees / Restrictions

Financial

Original Price:  $349,000

Owner Financing:  No

Garage / Parking

Parking Features:  Driveway, Kitchen Level, Level Driveway, Parking Pad

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  Security Service, Smoke Detector(s)

Fireplace Features:  None

Levels:  One

Appliances:  Dishwasher, Gas Range, Range Hood

Laundry Features:  Common Area, Main Level

Interior Features:  Entrance Foyer, High Speed Internet, Recessed Lighting, Walk-In Closet(s)

Flooring:  Carpet, Vinyl

Spa Features:  None

Lot Info

Lot Size Source:  Public Records

Lot Features:  Back Yard, Cleared, Front Yard, Landscaped, Level

Lot Size:  x

Misc

Property Attached:  No

Home Warranty:  Yes

Open House

Other

Other Structures:  None

Property Info

Construction Materials:  Vinyl Siding

Year Built:  1,938

Property Condition:  Updated/Remodeled

Roof:  Composition

Property Type:  Residential Detached

Style:  Modular, Ranch

Rental Info

Land Lease:  No

Room Info

Kitchen Features:  Breakfast Room, Eat-in Kitchen, Pantry, Second Kitchen, Stone Counters, View to Family Room

Room Master Bathroom Features:  Shower Only

Room Dining Room Features:  Open Concept

Special Features

Green Features:  None

Special Listing Conditions:  None

Special Circumstances:  Investor Owned, No disclosures from Seller

Sqft Info

Building Area Total:  1200

Building Area Source:  Owner

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

Electric:  Other

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: 09-20-2024 1:12 PM 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 ChangedFromTo
08/04/2024$320,000 $310,000 Reduced by $10,000
07/10/2024$349,000 $320,000 Reduced by $29,000