Skip To Content

    368 Mell Avenue

    Atlanta, GA 30307
    • $973,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 6850425
    Price Reduced
    UPDATED: 14 min ago
    $973,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    NOI of $52,970 with LOW EXPENSES in one of the hottest areas in the AMA, Candler Park Neighborhood! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini’s, La Fonda, El Gato, Candler Park Market and the Flying Biscuit. The property is also located near the Freedom Park Trail which leads to the BeltLine Trail, as well as Edgewood Shopping Center, L5P, and the hip Inman Park. Originally built in 1910, this property includes four 1B/1BA apartments with original charm such as vintage hardwood floors, intricate trim molding, antique fireplaces and original casement windows, as well as a great backyard with a fire pit. The Home has ample parking including a driveway and a parking lot directly across the street. All current tenants in good standing and up to date on rent. Units are currently leased below market rates. With a few updates, units could be leased for $1,600/month or more, further increasing the NOI and future residual value. Time to make hay while the sun shines!!!

    Monthly Payment Calculator



    Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2021 First Multiple Listing Service, Inc. Data last updated 2021-05-17T15:04:44.34. For issues regarding this website, please contact BoomTown.
    www.northatlantahometeam.com/homes/114861599
    Print Image

    368 Mell Avenue Atlanta, GA 30307

    • Price: $973,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 6850425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1910
    Built
    Neighborhood:
    Candler Park
    County:
    Dekalb
    Area:
    52 - Dekalb-West
    Elementary School:
    Mary Lin
    Middle School:
    David T Howard
    High School:
    Grady
    Property Description
    NOI of $52,970 with LOW EXPENSES in one of the hottest areas in the AMA, Candler Park Neighborhood! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini’s, La Fonda, El Gato, Candler Park Market and the Flying Biscuit. The property is also located near the Freedom Park Trail which leads to the BeltLine Trail, as well as Edgewood Shopping Center, L5P, and the hip Inman Park. Originally built in 1910, this property includes four 1B/1BA apartments with original charm such as vintage hardwood floors, intricate trim molding, antique fireplaces and original casement windows, as well as a great backyard with a fire pit. The Home has ample parking including a driveway and a parking lot directly across the street. All current tenants in good standing and up to date on rent. Units are currently leased below market rates. With a few updates, units could be leased for $1,600/month or more, further increasing the NOI and future residual value. Time to make hay while the sun shines!!!
    Exterior Features

    Construction Materials Vinyl Siding Dock None Fencing None Lot Features Other Parking Features Parking Lot Roof Type Shingle Stories One View City Waterfront Features None

    Interior Features

    Cooling Central Air Heating Separate Meters

    Property Features

    Accessibility Features None Community Features None Green Energy Efficient None Lake Name None Lot Size Dimensions 69X100 Owner Financing No Property Condition Resale Security Features None Sewer Public Sewer Special Circumstances None Special Listing Conditions None Tax Year 2020 Taxes 6895.00 Type Quadruplex Utilities None Water Source Public Waterfront Footage 0

    Listing provided courtesy of Keller Knapp, Inc..


    Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2021 First Multiple Listing Service, Inc. Data last updated 2021-05-17T15:04:44.34. For issues regarding this website, please contact BoomTown.
     
    https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_6850425-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_6850425-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_6850425-2.jpg
    Logo
    Realty On Main
    301 North Main Street
    Alpharetta GA, 30009