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Neil Terc (SuCasa)

neil@sucasa.com +1(866) 200-5250

$325,000

Est. payment - /mo

8,886 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Hammond Park

MLS Listing ID 7740026

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1932

Annual Tax Amount $2,938

Tax Year 2024

Lot Size 8,886 Sqft

Acres 0.204

Property Sub-Type Triplex

Source First Multiple Listing Service

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

Area Hammond Park

Lake Name None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Hardwood, Laminate

Window Features Insulated Windows

Exterior

Parking Features Driveway

Fence Back Yard, Wood

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

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 4

Private Pool false

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Vinyl Siding

Construction Status Updated/Remodeled

Schools

Elementary Schools Emma Hutchinson

Middle Schools Crawford Long

High Schools South Atlanta

Others

Senior Community no

Tax ID 14 009300020270

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Listed by Coldwell Banker Realty

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Neil Terc (SuCasa)

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2794 7th ST SW Atlanta, GA 30315

Neil Terc (SuCasa)

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2794 7th ST SW

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