Atlanta, GA 30316,963 Moreland AVE SE
Atlanta, GA 30316,963 Moreland AVE SE
Atlanta, GA 30316,963 Moreland AVE SE
Atlanta, GA 30316,963 Moreland AVE SE
Atlanta, GA 30316,963 Moreland AVE SE
Atlanta, GA 30316,963 Moreland AVE SE
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$590,000

$599,900

1.7%
Est.Price: ?

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Est. payment /mo

9,975 Sqft Lot


SOLD DATE : 02/02/2022

Key Details

Sold Price $590,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Subdivision Ormewood Park

MLS Listing ID 6967117

Sold Date 02/02/22

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1925

Annual Tax Amount $3,660

Tax Year 2020

Lot Size 9,975 Sqft

Acres 0.229

Property Description

A high-performance turnkey 8% cap income-producing property generating over $71,000 in rent annually, $47,000 after expenses. This is a dream house hacking scenario for a savvy homeowner as well! A seasoned PadSplit, this 2,029 sq ft property occupies a prime ITP location in Ormewood Park and was completely renovated in 2020. An outstanding location less than a mile from East Atlanta Village and the BeltLine, on a major arterial road with ample off-street parking accessible via a rear alley, and steps away from public transportation. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Window Features Insulated Windows

Exterior

Garage Driveway, Level Driveway, Parking Lot

Fence None

Community Features Near Beltline, Near Shopping, Restaurant, Sidewalks, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View City

Roof Type Metal, Shingle

Accessibility None

Handicap Access None

Parking Type Driveway, Level Driveway, Parking Lot

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame, Vinyl Siding

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Parkside

Middle Schools Martin L. King Jr.

High Schools Maynard Jackson

Others

Senior Community no

Tax ID 14 001000040542

Special Listing Condition None

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First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Metro Atl
Bought with Platinum Real Estate, LLC.
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