$499,000
Pending

616 Moreland Avenue SE

Atlanta, GA 30316
Browse 39 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Charming Turn-Key Duplex in East Atlanta Village. Seize the chance to own this income-producing duplex located in the highly sought-after East Atlanta Village. This traditional brick bungalow is a true gem, offering a prime investment opportunity in one of Atlanta's hottest in-town neighborhoods. Nestled within walking distance to Brownwood Park, a variety of restaurants including Banshee, a vibrant food hall, and shops, this is an unbeatable location. It's perfect for investors looking for a seamless, turn-key rental property or a savvy homeowner wanting to live in one unit and rent the other. This duplex includes Unit A, which features a spacious layout with 3 bedrooms and 2 full baths, complete with separate front and side entrances. Unit B offers a cozy setup with 2 bedrooms and 1 bath, along with a separate living room. The interior of the property showcases beautiful hardwood floors, modern kitchens with updated cabinets and slate tile, newer appliances, and bathrooms enhanced with slate and subway tiles. The property also offers an inviting front porch, perfect for relaxation, with easy access to all the amenities and entertainment that East Atlanta Village has to offer. Parking is ample, with plenty of space and accessible through a back alley or the driveway on Moreland Ave. Units are side by side, and both units have private entrances and porch access, along with their own washer and dryer hookups, separate meters, and water paid by the landlord. Systems of the house are well maintained and with updated plumbing and sewer line in 2022, and a new vapor barrier in the crawlspace. Both units are currently rented with long term tenants, and the lease agreements will be transferred to the buyer at closing. Please be aware that all units are tenant-occupied; respect their privacy by not walking through the property. This duplex offers everything an investor or homeowner could desire: a prime location, a well-maintained property, great tenants, and a strong rental history. DonCOt miss out on this exceptional opportunity in East Atlanta Village!

  • Property Details
      • SubdivisionEast Atlanta Village
      • Date ClosedDecember 18, 2024
      • Elementary SchoolBurgess-Peterson
      • High SchoolMH Jackson Jr
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • Basement DescriptionCrawl Space
      • MLS #10376614
      • MLS #10376614
      • Utility SourcePublic
      • CountyDeKalb
      • Cost499000
      • Property SubtypeDuplex
      • Structure TypeDuplex
      • Utility FeaturesOther
      • Year Built1948
      • Middle SchoolKing
      • Acres0.2
      • Taxes Annual$0
      • Parking Spaces5
      • Basement1

Location

Patricia Y. Ogletree | SouthSide REALTORSReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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