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963 Moreland AVE SE Atlanta, GA 30316
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Key Details
Sold Price $590,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,029 sqft
Price per Sqft $290
Subdivision Ormewood Park
MLS Listing ID 6966930
Sold Date 02/02/22
Style Bungalow, Craftsman
Bedrooms 6
Full Baths 4
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
Rooms
Bedroom Description Master on Main, Roommate Floor Plan, Split Bedroom Plan
Other Rooms None
Basement Crawl Space
Main Level Bedrooms 6
Dining Room Open Concept
Interior
Interior Features Double Vanity, Entrance Foyer, High Speed Internet, Low Flow Plumbing Fixtures
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood
Fireplaces Type None
Window Features Insulated Windows
Appliance Dishwasher, Dryer, Electric Oven, Gas Cooktop, Gas Range, Microwave, Range Hood, Refrigerator, Washer
Laundry Laundry Room, Main Level
Exterior
Exterior Feature Private Front Entry, Private Rear Entry, Rear Stairs
Parking Features None
Fence None
Pool None
Community Features Near Beltline, Near Schools, Near Shopping, 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
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Covered, Front Porch, Patio
Building
Lot Description Front Yard, Level
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Craftsman
Level or Stories One
Structure Type 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
Restrictions false
Tax ID 14 001000040542
Special Listing Condition None
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Bought with Platinum Real Estate, LLC.
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