INVESTORS or Owner-Occupant Buyers!!
This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller’s general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller’s general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
Listing Provided Courtesy of Keller Williams Realty Atl North
Property Details
Price:
$339,000
MLS #:
7491397
Status:
Active
Beds:
2
Baths:
2
Address:
2065 Morehouse Drive NW
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Dixie Hills
City:
Atlanta
Listed Date:
Nov 26, 2024
State:
GA
Finished Sq Ft:
1,200
Total Sq Ft:
1,200
ZIP:
30314
Year Built:
1938
See this Listing
Mortgage Calculator
Schools
Elementary School:
Woodson Park Academy
Middle School:
Fulton – Other
High School:
Frederick Douglass
Interior
Appliances
Dishwasher, Gas Range, Range Hood
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Vinyl
Heating
Central
Laundry Features
Common Area, Main Level
Exterior
Architectural Style
Modular, Ranch
Community Features
Near Public Transport, Near Schools, Near Shopping, Near Trails/ Greenway
Construction Materials
Vinyl Siding
Exterior Features
Lighting, Rain Gutters
Other Structures
None
Parking Features
Driveway, Kitchen Level, Level Driveway, Parking Pad
Parking Spots
2
Roof
Composition
Financial
Tax Year
2023
Taxes
$3,676
Map
Community
- Address2065 Morehouse Drive NW Atlanta GA
- SubdivisionDixie Hills
- CityAtlanta
- CountyFulton – GA
- Zip Code30314
Similar Listings Nearby
- 2441 Paul Avenue NW
Atlanta, GA$440,000
4.26 miles away
- 1488 Beecher Street SW
Atlanta, GA$440,000
2.19 miles away
- 733 Bonnie Brae Avenue SW
Atlanta, GA$439,000
3.24 miles away
- 923 Smith Street SW
Atlanta, GA$439,000
3.77 miles away
- 1110 Veltre Circle SW
Atlanta, GA$438,900
2.92 miles away
- 1921 Westwood Avenue SW
Atlanta, GA$435,000
1.52 miles away
- 1221 Cahaba Drive SW
Atlanta, GA$435,000
2.72 miles away
- 2756 LINCOLN Court NW
Atlanta, GA$435,000
0.88 miles away
- 1497 Saint Michael Avenue
East Point, GA$435,000
4.65 miles away
- 1758 Emerald Avenue SW
Atlanta, GA$434,999
1.42 miles away
Courtesy of Keller Williams Realty Atl North. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Atlanta, GA MLS. Detailed information about real estate listings held by brokerage firms other than Area Realty include the name of the listing broker. Neither the listing company nor Area Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Atlanta, GA. All rights reserved.
2065 Morehouse Drive NW
Atlanta, GA
LIGHTBOX-IMAGES