$455,000
$425,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
6,011 Sqft Lot
SOLD DATE : 08/28/2023
Key Details
Sold Price $455,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Peoplestown
MLS Listing ID 10191301
Sold Date 08/28/23
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1955
Annual Tax Amount $3,031
Tax Year 2022
Lot Size 6,011 Sqft
Acres 0.138
Lot Dimensions 6011.28
Property Description
Amazing investment opportunity in Peoplestown just steps from the Beltline! The property is a classic, legal duplex that consists of two separate rentable units; units are both 2/1 with about 625 sq ft each. More recent updates include a new roof, paint, flooring and appliances 2 years ago. Zoning is R-5 which allows for legal multifamily in the city of Atlanta, and the lot is very wide for the neighborhood at 50ft x 121ft. The immediate area has lots of new construction development due to the excellent location which is very close to many amenities and is walkable to The Beltline, The Beacon, the future Terminal South development (adaptive re-use with food hall), DH Stanton Park, as well as the shops and restaurants of Georgia Ave. Investment options are numerous; rent both sides for a long-term hold, owner-occupant can house-hack by living in one side while doing a short-term rental on the other side, or given the generous lot size and proximity to the Beltline one could redevelop into a larger, modern for-sale duplex. Both sides are currently vacant, the electrical is sub-metered, water is shared to the property, and there is no gas bill.
Location
State GA
County Fulton
Rooms
Basement None
Interior
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Fireplace No
Exterior
Parking Features Off Street
Garage Spaces 2.0
Community Features Park, Near Public Transport, Walk To Schools, Near Shopping
Utilities Available Electricity Individual Meters, Sewer Connected, Water Billing Prorated
View Y/N No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Faces GPS
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Barack & Michelle Obama Academy
Middle Schools King
High Schools Mh Jackson Jr
Others
HOA Fee Include None
Tax ID 14 005500041611
Special Listing Condition Resale
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