$455,000
$425,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
5,998 Sqft Lot
SOLD DATE : 08/29/2023
Key Details
Sold Price $455,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Peoplestown
MLS Listing ID 7260303
Sold Date 08/29/23
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1955
Annual Tax Amount $3,031
Tax Year 2022
Lot Size 5,998 Sqft
Acres 0.1377
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
Lake Name None
Interior
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Flooring Vinyl
Window Features Double Pane Windows, Insulated Windows
Exterior
Garage Driveway, Level Driveway
Fence Fenced, Wood
Community Features Near Beltline, Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Barack And Michelle Obama Academy
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Senior Community no
Tax ID 14 005500041611
Special Listing Condition None
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