Bought with Jett Rutherford • Platinum Real Estate LLC
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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 10001403
Sold Date 02/02/22
Style Bungalow/Cottage,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
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
Rooms
Basement Crawl Space
Main Level Bedrooms 6
Interior
Interior Features Double Vanity, Rear Stairs, Master On Main Level, Roommate Plan, Split Bedroom Plan
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Hardwood
Exterior
Parking Features None
Community Features Sidewalks, Street Lights, Walk To Schools, Walk To Shopping
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
View City
Roof Type Metal
Building
Story One
Foundation Block
Sewer Public Sewer
Level or Stories One
Construction Status Updated/Remodeled
Schools
Elementary Schools Parkside
Middle Schools King
High Schools Mh Jackson Jr
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Other
Special Listing Condition Investor Owned
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