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2835 3rd AVE SW Atlanta, GA 30315
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Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Hammond Park
MLS Listing ID 7378713
Sold Date 06/07/24
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2005
Annual Tax Amount $5,405
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Property Description
New hot investment listing in Atlanta!!! I have an exceptional opportunity for investors looking to enhance their portfolios with a high-yield property. This property is strategically located only 8 minutes from Atlanta Airport and close to the Porsche Experience Center, Lakewood Amphitheatre, and Downtown Atlanta, making it a highly desirable area for renters or short-term guests. This renovated duplex includes two units, each with 3 bedrooms and 2 bathrooms. The proximity to major attractions and essentials contributes to its appeal. Both units are currently occupied by tenants who each pay $2,600, offering a steady cash flow. The duplex was initially utilized as an Airbnb, indicating its versatility for either long-term leasing or short-term hosting. **Investment Highlights**: Sold partially furnished, allowing for immediate rental upon purchase, with the flexibility of continuing with the existing tenants or transitioning to new ones. The fact that it's being marketed as the "best income producing listing in Atlanta" suggests strong rental demand and profitability. Interested parties must contact the agent to arrange a showing, providing at least a two-hour notice. Initial viewings are restricted to the common areas until a contract is accepted, after which more thorough inspections of the living spaces can be conducted. Potential buyers are advised not to disturb the current tenants, respecting their privacy and comfort. Overall, this property seems ideally suited for investors focused on immediate cash flow and long-term value in a vibrant and growing part of Atlanta
Location
State GA
County Fulton
Lake Name None
Interior
Heating Electric
Cooling Electric
Window Features None
Exterior
Garage Driveway
Fence None
Community Features None
Utilities Available Other
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Emma Hutchinson
Middle Schools Crawford Long
High Schools South Atlanta
Others
Senior Community no
Tax ID 14 009300010339
Special Listing Condition None
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Bought with BHGRE Metro Brokers