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Listing provided courtesy of: RE/MAX Metro Atlanta Cityside

Atlanta, GA 30314

0 Beds
0 Baths
Multi-Family

MLS# 6105481

SOLD 3/15/2019

$205,000

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Property Details

Description

Calling all investors!! Rear opportunity, 8 bedroom, 2.5 bath fully furnished rooming house. Excellent income opportunity. Currently generates $4000 per month in rent. Adjacent to the Morehouse and Clark Atlanta campuses, makes for great student housing. 8 working class tenants currently occupy the home on a month-to-month basis, leaving flexibility for any buyer. 20% Cap rate!!

General Features
- Area 22 - Atlanta North
- Assumable 0
- Community Features None
- District 05
- Number Of Units Total 8
- Property Condition Resale
- Property Type Residential Income
- Special Circumstances Investor Owned, No disclosures from Seller, Sold As/Is
- Special Listing Conditions None
- Subdivision Complex Atlanta University Center
- Year Built 1920
Building Features
- Accessibility Features None
- Construction Materials Vinyl Siding
- Cooling None
- Green Energy Efficient None
- Heating None
- Roof Type Shingle
- Security Features None
Property Features
- Dock None
- Fencing None
- Lake Name None
- Lot Features Level
- Parking Features None
- Sewer Public Sewer
- Utilities None
- Waterfront Features None
Schools
- Elementary School M. A. Jones
- High School Booker T. Washington
- Middle School Brown

Neighborhood

30314 (Atlanta) Demographics

26Median Age

5,022Population Density (per sq. mile)

26%College Educated

$25,196 Estimated Median Income

2,138Estimated Total Home Owners

5,046Estimated Total Renters

30% / 70%Estimated Owner / Renter Divide

3Estimated Average Household Size

23,450Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

1

Public Bethune Elementary School

Grades: PK - 5
Enrollment: 524

1

Public F. L. Stanton Elementary School

Grades: PK - 5
Enrollment: 277

1

Public Kindezi

Grades: KG - 8
Enrollment: 662

1

Public Kipp WAYS Primary School

Grades: KG - 1
Enrollment: 203

2

Public KIPP West Atlanta Young Scholars

Grades: 5 - 8
Enrollment: 326

1

Public M. A. Jones Elementary School

Grades: PK - 5
Enrollment: 576

Middle Schools

1

Public Kindezi

Grades: KG - 8
Enrollment: 662

2

Public KIPP West Atlanta Young Scholars

Grades: 5 - 8
Enrollment: 326

High Schools

3

Public Booker T. Washington High School

Grades: 9 - 12
Enrollment: 843

3

Private Bright Futures Academy

Grades: 11 - 17
Enrollment: 48

3

Public KIPP Atlanta Collegiate

Grades: 9 - 12
Enrollment: 638

School data courtesy of LiveBy, Inc.

Market Last 30 Days

$150,000 Median Sales Price

37 Homes Sold

102 New On Market

Average Days on Market

Properties for Sale

Property History

Date	Event	Price
--	New in Database Source	New Value: $205,000
3/20/2019 3:23:51 AM	Price Unchanged Source	New Value: $205,000
3/15/2019 3:00:00 AM	Sold Source	New Value: $205,000

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Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2019 First Multiple Listing Service, Inc. Last updated: 8/21/2019 3:28:43 AM