Viewing Listing MLS# 399344564
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 Market1 month, 11 days
- AreaN/A
- CountyFulton - GA
- Subdivision Cloverdale
Overview
This Section 8 income-producing property generates $2,700 per month. The fully renovated home features 2 bedrooms, 2 bathrooms, and includes a private in-law suite with a kitchenette. 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. Capitalize on the demand for Section 8 housing and secure a combined rental income of $2,700 per month. 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 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
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
Directions
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