2065 Morehouse Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type Residential Income
Subdivision Dixie Hills
MLS Listing ID 10419430
Year Built 1938
Annual Tax Amount $3,676
Tax Year 2023
Lot Size 9,016 Sqft
Property Description
OPEN HOUSE on Saturday, December 21st, from 1 PM to 2 PM! INVESTORS or Owner-Occupant Buyers!! This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller's general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Pad
Garage Spaces 2.0
Community Features Near Public Transport,Walk To Schools,Near Shopping
Utilities Available Underground Utilities
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Woodson
Middle Schools Other
High Schools Douglass
Others
Special Listing Condition Updated/Remodeled