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. 

©2024 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 11:09 PM UTC, 12/18/2024

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