Bought with Okonya & Associates
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Key Details
Sold Price $357,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,119 sqft
Price per Sqft $168
Subdivision Mozley Park
MLS Listing ID 9067948
Sold Date 11/04/21
Style Cape Cod,Traditional
Bedrooms 7
Full Baths 4
Half Baths 1
Construction Status Resale
Year Built 1940
Annual Tax Amount $2,512
Tax Year 2020
Lot Size 7,492 Sqft
Property Description
A high-performance turnkey 10.9% cap income-producing property. A seasoned PadSplit, this 2,119 sq ft single family property occupies a prime ITP location in Mozley Park. It’s across the street from the Westview Path, a mere five-minute walk from the Atlanta BeltLine Westside Trail, and there’s a MARTA bus station right outside the front door. This property is projected to generate over $59,000/year in gross rent and over $36,000/year in net income after expenses. 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.
Location
State GA
County Fulton
Rooms
Basement Daylight, Interior Entry, Exterior Entry, Partial
Main Level Bedrooms 4
Interior
Interior Features Roommate Plan, Split Bedroom Plan
Heating Natural Gas, Central, Forced Air
Cooling Electric, Central Air, Window Unit(s)
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Living Room
Exterior
Garage Off Street
Community Features Park, Playground, Pool, Sidewalks, Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Cable Available
Waterfront Description No Dock Or Boathouse
Roof Type Concrete
Building
Story One and One Half
Sewer Public Sewer
Level or Stories One and One Half
Construction Status Resale
Schools
Elementary Schools F L Stanton
Middle Schools Harper Archer
High Schools Douglass
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Cash
Special Listing Condition Investor Owned
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