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Sydney Cross

sydneycross@kw.com +1(470) 430-4359

$ 500,000

Est. payment -/mo

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Price Dropped by $15K

238 Anderson AVE Atlanta, GA 30314

4,660 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Dixie Hills

MLS Listing ID 10812076

HOA Y/N No

Year Built 1948

Annual Tax Amount $4,714

Tax Year 2023

Lot Size 4,660 Sqft

Acres 0.107

Lot Dimensions 4660.92

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

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.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement None

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Side/Rear Entrance

Community Features Park, Sidewalks, Street Lights, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces I-20 W to Exit 52A (Lowery Blvd). Right on Lowery Blvd NW, left on Joseph E. Boone Blvd NW, right on Anderson Ave NW. Property on the left.

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Concrete

New Construction No

Schools

Elementary Schools F L Stanton

Middle Schools Harper Archer

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 017400080391

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Lease Purchase, Owner Will Carry, Owner 2nd, Private Financing Available, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Lease Purchase, Owner Will Carry, Owner 2nd, Private Financing Available, VA Loan

Special Listing Condition Resale

Sydney Cross

Realtor® License ID: 437456

+1(470) 430-4359

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Sydney Cross

238 Anderson AVE Atlanta, GA 30314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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238 Anderson AVE