477 Fairlane CIR NW, Atlanta, GA 30331
477 Fairlane CIR NW, Atlanta, GA 30331
477 Fairlane CIR NW, Atlanta, GA 30331
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Elizabeth Harvill

Elizabeth Harvill

+1(912) 245-1186
$339,000
Est. payment /mo
8,712 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10794777

HOA Y/N No

Year Built 1960

Annual Tax Amount $3,028

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 8712

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated property offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Attic Fan, Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 4.0

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

Utilities Available Underground Utilities

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces GPS

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

New Construction No

Schools

Elementary Schools Harper-Archer

Middle Schools Harper Archer

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 024200040385

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Updated/Remodeled

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Georgia MLS - GAMLS
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477 Fairlane CIR NW

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Elizabeth Harvill
Elizabeth Harvill

Agent | License ID: 421606

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

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