Active
2065 Morehouse Drive NW
Atlanta GA, 30314
$339,000
Active
Multi-family
Built in 1938
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.
10419430
MLSⓇ ID
November 26, 2024
Listed
December 18, 2024
Updated
Map
2065 Morehouse Drive NW
Atlanta GA, 30314
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.21 Acres
Sewer
Public Sewer
School Information
High School
Douglass
Elementary School
Woodson
Other Property Details
Taxes
$3,676
Tax Frequency
Annually
Days on Market
22
Garage
No
Parking
Parking Pad
Parking Total
2
View
No
County
Fulton
Water Source
Public
Pool
No
Listed with Keller Williams Rlty-Atl.North
Based on information from Georgia MLS as of 12/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 11:09 PM UTC, 12/18/2024