2065 Morehouse Drive, Atlanta, GA 30314

$289,900

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List Price
$289,900
MLS#
7791656
Status
ACTIVE
Type
Multifamily
Subtype
Duplex
Lot Size
0.20700000000000002
Subdivision
Dixie Hills

Property Description

Turnkey Section 8 duplex generating $2,800+ per month in guaranteed, government-backed rental income. Property features a new HVAC condenser providing ice cold central air to the property. Don't miss this cash-flowing opportunity with immediate built-in equity. This fully renovated property offers immediate, stable returns and a low-risk investment profile in a high-demand Atlanta rental market. Currently producing approximately $2,850 per month, Unit B is leased at $1,600 per month, with $1,375 paid directly by a Georgia housing program and $250 contributed by the tenant, while the larger Unit A can be delivered vacant at closing-ideal for an owner-occupant or FHA buyer seeking to offset their mortgage with rental income. The property has been fully renovated with no major repairs needed, providing a true turnkey experience. With a recent as-is appraisal of $348,000, this asset presents approximately $48,000 in built-in equity along with immediate income and future upside potential. A rare opportunity for both investors and house hackers to secure a low-maintenance, income-producing property with strong financial positioning from day one. **Also the option to live in one unit and rent out the other**

Additional Information

Stories
One
Construction
Vinyl Siding
Year Built
1938
Neighborhood Amenities
Golf, Near Public Transport, Near Schools, Near Shopping, Park, Playground, Pool, Street Lights
Roof
Composition
Parking
Paved
Water
Public
Sewer
Public Sewer
Elementary School
Woodson Park Academy
Middle School
John Lewis Invictus Academy/Harper-Archer
High School
Frederick Douglass
Acres
0.21
Dock
None
Levels
One
Gross Income
31200
Taxes
$3,894

Listing courtesy of Coldwell Banker Realty.

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