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Listing Details

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MLS #
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Neighborhood
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Type
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Built
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School Information

Elementary School
Middle School
High School

Description

This is an opportunity to own a rare quadruplex in the heart of Candler Park. THREE UNITS ALREADY OCCUPIED AND A NEW LEASE JUST EXECUTED (starting in September) AT $1,800/MONTH FOR ONE OF THE FOUR UNITS, WHICH IS $200 OVER THE MARKET RATE FOR A ONE BEDROOM UNIT!! This will increase the annual revenue to over $64,000 with very low expenses! 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, El Gato, La Fonda, and Candler Market. 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!!!

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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 2021-09-17T00:03:18.13. For issues regarding this website, please contact BoomTown.
www.northatlantahometeam.com/homes/114861599
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368 Mell Avenue Atlanta, GA 30307

  • Price: $915,000
  • Status: Active Under Contract
  • Updated: 188 min ago
  • MLS #: 6850425
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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:
Midtown
Property Description
This is an opportunity to own a rare quadruplex in the heart of Candler Park. THREE UNITS ALREADY OCCUPIED AND A NEW LEASE JUST EXECUTED (starting in September) AT $1,800/MONTH FOR ONE OF THE FOUR UNITS, WHICH IS $200 OVER THE MARKET RATE FOR A ONE BEDROOM UNIT!! This will increase the annual revenue to over $64,000 with very low expenses! 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, El Gato, La Fonda, and Candler Market. 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 2021-09-17T00:03:18.13. For issues regarding this website, please contact BoomTown.
 
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Realty On Main
301 North Main Street
Alpharetta GA, 30009