238 Anderson Avenue, Atlanta, GA 30314

$500,000

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List Price
$500,000
Price Change
▼ $15,000 1788980140
MLS#
7808412
Status
ACTIVE
Type
Multifamily
Subtype
Duplex
Lot Size
0.107
Subdivision
Dixie Hills

Property Description

Turn-key, fully renovated upstairs/downstairs duplex offering an excellent opportunity for investors, 1031 exchange buyers, or owner-occupants seeking a house-hack strategy. Each unit features 2 bedrooms and 1 full bathroom, for a total of 4 bedrooms and 2 bathrooms. Both units are expected to be vacant at closing, providing the new owner flexibility to lease both units or occupy one while renting the other. Projected rental income is up to $2,000 per month per unit, or $4,000 monthly/$48,000 annually, subject to market conditions and applicable program requirements. Potential 6.4%+ cap rate based on projected income and expenses. Owner-occupants may have access to down payment assistance opportunities through Invest Atlanta and Atlanta Housing, subject to buyer, property, lender, and program eligibility and guidelines. Atlanta Housing voucher participants may also have homeownership opportunities through applicable programs, subject to qualification and approval. Recently renovated and designed for low-maintenance ownership, this property also features ample parking with a wrap-around driveway and great backyard space with plenty of potential for outdoor entertaining or creating your own private oasis. Proven rental history, turn-key condition, and immediate leasing potential make this a property worth considering. Motivated seller and priced to sell. Owner/Agent.

Additional Information

Stories
Two
Construction
Concrete
Year Built
1948
Neighborhood Amenities
Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights, Tennis Court(s), Other
Roof
Shingle
Lot Dimensions
4650
Parking
Driveway
Lot Desc
Sloped
Water
Public
Sewer
Public Sewer
Elementary School
F. L. Stanton
Middle School
John Lewis Invictus Academy/Harper-Archer
High School
Frederick Douglass
Acres
0.11
Annual Expenses
14200
Levels
Two
Gross Income
48000
Net Operating Income
$33,800
Taxes
$4,714

Listing courtesy of Keller Williams Realty West Atlanta.

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