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963 Moreland Avenue SE

Atlanta, GA 30316
  • $599,900
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 6967117
UPDATED: 71 min ago
$599,900
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Elementary School:
Middle School:
High School:

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.

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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 2021-12-02T13:04:20.15. For issues regarding this website, please contact BoomTown.
www.northatlantahometeam.com/homes/123226205
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963 Moreland Avenue SE Atlanta, GA 30316

  • Price: $599,900
  • Status: Active
  • On Site: 20 Days
  • Updated: 71 min ago
  • MLS #: 6967117
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1925
Built
Neighborhood:
Ormewood Park
County:
Fulton
Area:
32 - Fulton South
Elementary School:
Parkside
Middle School:
Martin L. King Jr.
High School:
Maynard Jackson
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.
Exterior Features

Construction Materials FrameVinyl Siding Fencing None Lot Features Level Number Of Parking Spaces 0 Parking Features DrivewayLevel DrivewayParking Lot Roof Type MetalShingle Stories One View City

Interior Features

Cooling Ceiling Fan(S)Central Air Heating Forced AirNatural Gas

Property Features

Accessibility Features None Community Features Near BeltlineNear ShoppingRestaurantSidewalksStreet Lights Green Energy Efficient Windows Lake Name None Lot Size Dimensions X Owner Financing No Property Condition Updated/Remodeled School Bus Route Elementary Yes School Bus Route High Yes School Bus Route Middle Yes Security Features None Sewer Public Sewer Special Circumstances Corporate OwnerInvestor Owned Special Listing Conditions None Tax Year 2020 Taxes 3660.00 Type Other Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of Keller Williams Realty Metro Atl.


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 2021-12-02T13:04:20.15. For issues regarding this website, please contact BoomTown.
 
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