862 Mitchell ST SW, Atlanta, GA 30314 - MLS#10521982

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Martha Edwards

marthaedwards@maximumonerealtors.com +1(678) 449-8479

$459,000

Est. payment - /mo

4,007 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Triplex

Listing Status Price Change

Purchase Type For Sale

Subdivision Owens /Fd Thurmond

MLS Listing ID 10521982

HOA Y/N Yes

Year Built 1920

Annual Tax Amount $2,810

Tax Year 22

Lot Size 4,007 Sqft

Acres 0.092

Lot Dimensions 4007.52

Property Sub-Type Multi Family,Triplex

Source Georgia MLS 2

Property Description

This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that's already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000. The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns. Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall-every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only-this is a rare chance to own a high-performing asset in one of Atlanta's most promising markets.

Location

State GA

County Fulton

Rooms

Basement Crawl Space

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air

Fireplace No

Laundry Other

Exterior

Parking Features Off Street

Community Features Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces GPS FRIENDLY

Foundation Block, Slab

Sewer Public Sewer

Water Public

Structure Type Block,Brick

New Construction No

Schools

Elementary Schools Jones

Middle Schools Herman J. Russell

High Schools Washington

Others

HOA Fee Include Sewer

Tax ID 14 010900010901

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Updated/Remodeled

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Martha Edwards

+1(678) 449-8479

Broker Associate | License ID: 303798

Broker Associate License ID: 303798

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862 Mitchell ST SW Atlanta, GA 30314

Martha Edwards

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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