$155,000
$159,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,100 SqFt
SOLD DATE : 02/14/2025
Key Details
Sold Price $155,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $140
Subdivision Atlanta - Fulton
MLS Listing ID 10431283
Sold Date 02/14/25
Style Brick 4 Side
Bedrooms 3
Full Baths 1
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1970
Annual Tax Amount $1,978
Tax Year 2022
Lot Size 7,797 Sqft
Acres 0.179
Lot Dimensions 7797.24
Property Sub-Type Single Family Residence
Property Description
This 4-sided brick single-family home, located in a quiet and friendly neighborhood, is a rare find for seasoned investors looking for significant profit potential. With an ARV certified appraisal of $365,000, this property offers $100,000 in built-in equity post-renovation, making it a prime fix-and-flip or long-term rental opportunity. The seller, a licensed general contractor, has provided a $90,000 renovation bid to transform the upstairs into a 3-bed, 2-bath unit and the basement into a 2-bed, 1-bath apartment with a completely separate entrance, creating a duplex-style layout. Post-renovation, this property becomes a cash flow machine, with projected rents of $2,000/month for the upstairs unit and $1,350/month for the basement apartment, generating $3,350/month in total rental income. For investors pursuing a BRRRR strategy or homeowners seeking additional income, this is an ideal opportunity. The property requires only a cosmetic uplift above ground and a full renovation of the basement apartment. Located in a growing, appreciating area with easy access to major highways like I-285, this property is close to schools, parks, shops, and restaurants, adding to its long-term value. This deal is exclusively for serious buyers-no wholesalers or low-ball offers will be entertained. The floor plans are ready, the location is unbeatable, and the numbers make sense. Contact us today to secure this high-ROI investment before it's gone.
Location
State GA
County Fulton
Rooms
Other Rooms Other
Basement Unfinished
Interior
Interior Features Walk-In Closet(s)
Heating Central, Electric, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood
Fireplaces Type Family Room
Fireplace Yes
Appliance Other
Laundry In Basement
Exterior
Exterior Feature Balcony, Other
Parking Features Attached, Basement
Fence Other
Community Features Playground, Walk To Schools
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected, Underground Utilities
View Y/N Yes
View City
Roof Type Composition,Other
Garage Yes
Private Pool No
Building
Lot Description Level
Faces USE GPS
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools Harper-Archer
Middle Schools J. L. Invictus Academy
High Schools Banneker
Others
HOA Fee Include None
Tax ID 14 024100031021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Fixer
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