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Rich Sullivan

rich.sullivan@evatlanta.com +1(404) 988-7428

$ 339,000

Est. payment -/mo

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2065 Morehouse Atlanta, GA 30314

9,016 Sqft Lot

UPDATED:

01/07/2025 07:23 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type Residential Income

Subdivision Dixie Hills

MLS Listing ID 10419430

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1938

Annual Tax Amount $3,676

Tax Year 2023

Lot Size 9,016 Sqft

Acres 0.207

Lot Dimensions 9016.92

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

Rooms

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

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

Total Parking Spaces 2

Garage No

Private Pool No

Building

Faces GPS Friendly

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Woodson

Middle Schools Other

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 017400070038

Special Listing Condition Updated/Remodeled

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Rich Sullivan

Real Estate Advisor | License ID: 396491

+1(404) 988-7428

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Rich Sullivan

2065 Morehouse Atlanta, GA 30314

Key Details

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Schools

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