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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$325,000

Est. payment - /mo

8,886 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Hammond Park

MLS Listing ID 10742219

HOA Y/N No

Year Built 1932

Annual Tax Amount $2,938

Tax Year 2024

Lot Size 8,886 Sqft

Acres 0.204

Lot Dimensions 8886.24

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating $3,200 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B with a new qualified tenant which moved in on April 1at a rate of $1,350 per month. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller's contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta's key amenities, employment hubs, and growth corridors.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement Unfinished

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features Golf, Park, Playground, Pool, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters, Gas Billing Prorated, Water Billing Prorated

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction No

Schools

Elementary Schools Hutchinson

Middle Schools Long

High Schools South Atlanta

Others

HOA Fee Include None

Tax ID 14 009300020270

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Updated/Remodeled

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Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

2794 7th ST SW Atlanta, GA 30315

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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