Bought with Non-Mls Salesperson • Non-Mls Company
$1,375,000
$1,375,000
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9 Beds
6 Baths
4,325 SqFt
SOLD DATE : 08/12/2022
Key Details
Sold Price $1,375,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,325 sqft
Price per Sqft $317
Subdivision Midtown
MLS Listing ID 10052542
Sold Date 08/12/22
Style Craftsman,Victorian
Bedrooms 9
Full Baths 6
Construction Status Resale
HOA Y/N No
Year Built 1925
Annual Tax Amount $6,968
Tax Year 2021
Lot Size 8,102 Sqft
Property Description
MIDTOWN 5 UNIT MULTI-FAMILY BUILDING zoned R5. See RINC FMLS 7020448. Three Blocks to Beltline and Piedmont Park. Nestled at the corner of Greenwood and Monroe, 2 Blocks south of Midtown Promenade. Features Three 2/1 Units, One 2/2 Unit, and One 1/1. All of these units are seriously HUGE. Newer systems, Updated kitchens, Newer windows, Roof, and More. The fully functional bathrooms have not been renovated but have a kitschy mid-century feel. Each unit has its own style and a ton of character! Great rental history is currently ready for rental rate increases. All of the tenants are long-term and are holdovers on month-to-month leases at below market. The current gross rental income of $83,820 Annually. Having no rental increases for several years rents can easily be much much more as-is with no improvements. (Market Analysis of neighboring comparable rents suggests that gross income could be just over 100k with an NOI of 97K). Building constructed in 1925 and converted to rental units around 2000. This massive building has been owner-managed since 2006, meticulously maintained, and steadily improved. The owner is selling due to retiring/relocation. Call Bill for full details! (Please do not disturb tenants)
Location
State GA
County Fulton
Rooms
Basement Partial
Main Level Bedrooms 3
Interior
Interior Features High Ceilings, Other, Pulldown Attic Stairs
Heating Central, Forced Air, Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Tile, Carpet, Stone
Exterior
Exterior Feature Other
Parking Features Detached, Parking Pad
Garage Spaces 5.0
Fence Fenced, Back Yard, Front Yard, Wood
Community Features Park, Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description No Dock Or Boathouse
View City
Roof Type Composition,Metal
Building
Story Three Or More
Foundation Block
Sewer Public Sewer
Level or Stories Three Or More
Structure Type Other
Construction Status Resale
Schools
Elementary Schools Springdale Park
Middle Schools David T Howard
High Schools Grady
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash
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