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1258 Lyle Avenue
Atlanta, GA, 30344
$220,000
4 Beds
1 Baths
1,098 SqFt
0.2 Acres
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Unlock the potential of this 3-bedroom, 2-bathroom single-family home located in the heart of East Point. Currently rented at $1,600 per month, with $1,587 contributed by a dependable rental assistance program, this property offers a solid return on investment from day one.

Property Highlights:

Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program.
Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the end of January 2025. She is open to staying if you prefer to maintain immediate rental income, or the property can be delivered vacant for your own plans.
Value-Add Potential: Originally purchased through foreclosure, presenting an opportunity for renovations to increase property value and maximize returns.
Strategic Location: Situated close to schools, shopping centers, and public transportation, enhancing its appeal to renters and future buyers alike.
Investment Options:

Maintain as Rental: Keep the existing tenant for uninterrupted income.
Vacant Possession: Property can be vacated by the end of January 2025, or sooner if under contract before December.
Renovate and Flip: Capitalize on the property’s potential by undertaking renovations for a profitable resale.
Seller’s Note:

We are seeking offers close to our asking price of $220,000. If a favorable sales price isn’t secured, we plan to renovate and flip the property ourselves—highlighting the significant upside potential for investors looking to maximize returns.

Don’t miss out on this versatile investment opportunity with multiple exit strategies.

Contact us today to learn more and schedule a viewing.
Listing Provided Courtesy of Jweithersrealty, LLC

Property Details

Price:
$220,000
MLS #:
7493108
Status:
Active
Beds:
4
Baths:
1
Address:
1258 Lyle Avenue
Type:
Single Family
Subtype:
Single Family Residence
City:
Atlanta
Listed Date:
Dec 3, 2024
State:
GA
Finished Sq Ft:
1,098
Total Sq Ft:
1,098
ZIP:
30344
Year Built:
1946
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Schools

Elementary School:
Parklane
Middle School:
Paul D. West
High School:
Tri-Cities

Interior

Appliances
Other
Bathrooms
1 Full Bathroom
Cooling
Other
Flooring
Other
Heating
Other
Laundry Features
None

Exterior

Architectural Style
Bungalow, Other
Community Features
None
Construction Materials
Other
Exterior Features
None
Other Structures
None
Parking Features
Driveway
Parking Spots
2
Roof
Other

Financial

Tax Year
2024
Taxes
$2,706

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Community

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1258 Lyle Avenue
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