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963 Moreland AVE SE Atlanta, GA 30316
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Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Ormewood Park
MLS Listing ID 6967117
Sold Date 02/02/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,660
Tax Year 2020
Lot Size 9,975 Sqft
Acres 0.229
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.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air
Window Features Insulated Windows
Exterior
Parking Features Driveway, Level Driveway, Parking Lot
Fence None
Community Features Near Beltline, Near Shopping, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Metal, Shingle
Accessibility None
Handicap Access None
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame, Vinyl Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Parkside
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Senior Community no
Tax ID 14 001000040542
Special Listing Condition None
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Bought with Platinum Real Estate, LLC.
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