963 Moreland Ave SE

Atlanta, GA 30316 View Map $599,900 Schedule a Tour
Acres0.23
Year1925

Keen Team

(404) 270-9374

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Status: Active
Property Type:Duplex
MLS #:6967117
On Site:16 Days
Lot Size:0.23 Acres
County:Fulton
A high-performance turnkey 8% cap income-producing property generating over $71,000 in rent annually, $47,000 after expenses. This is a dream house hacking scenario for a savvy homeowner as well! A seasoned PadSplit, this 2,029 sq ft property occupies a prime ITP location in Ormewood Park and was completely renovated in 2020. An outstanding location less than a mile from East Atlanta Village and the BeltLine, on a major arterial road with ample off-street parking accessible via a rear alley, and steps away from public transportation. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:963 Moreland Ave SE Atlanta, GA 30316
County:Fulton
City:Atlanta
Neighborhood:Ormewood Park
Zip Code:30316

School Information

High School:Maynard Jackson
Middle School:Martin L. King Jr.
Elementary School:Parkside

Architecture

Year Built:1925
Stories:1
Construction: Frame, Vinyl Siding
Roof: Metal, Shingle
Parking: Driveway, Level Driveway, Parking Lot

Features / Amenities

Energy Features: Windows
Cooling: Ceiling Fan(s), Central Air
Heat: Forced Air, Natural Gas

Property Features

Lot Size: 0.23 Acres
Lot Description: Level
View: City
Lot Number: 30
Utilities Available: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Water: Public
Directions:Travel south on Moreland Avenue from Glenwood Avenue SE to home on right (turn right on Lyndale to right on alley and park behind the home).

Tax and Financial Info

Annual Expenses: $24, 089
Gross Income: $71, 000
Taxes: $3, 660
Tax Year: 2020

Listing Office

Listing provided courtesy of Keller Williams Realty Metro Atl.

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963 Moreland Ave SE Atlanta, GA 30316
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963 Moreland Ave SE Atlanta, GA 30316
 
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Listing information last updated on November 27, 2021 at 12:45 AM EST.