$449,900
$450,000
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0.4 Acres Lot
SOLD DATE : 11/15/2023
Key Details
Sold Price $449,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Whispering Hills
MLS Listing ID 7266310
Sold Date 11/15/23
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1960
Annual Tax Amount $4,597
Tax Year 2022
Lot Size 0.400 Acres
Acres 0.4
Property Description
Amazing opportunity for the savvy investor! Located in highly desirable Chamblee area near I85 and within walking distance to Dresden Elementary school, makes this a highly desirable four sided brick rental. Each unit has 2 bedrooms and 1 bathroom with new driveways completed in 2023(a $6K improvement) and has a family room and kitchen. Recent improvements include painting. The current rental rates are below market value, current rental rates are typically $1,400-$1,600. Investors can buy now and raise rates as-is or renovate and raise to even higher rates and refinance. Long term Tenants in unit 2881 are on month-to-month lease and unit 2879 has long term tenants of 10 years and are on a month-to-month lease. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2853 Shallowford Rd, which just recently appraised for $520K (appraisal available upon request), and seller would prefer to sell both duplexes at the same time. Tenants currently occupy the property, please do not walk the property or disturb the tenants.
Location
State GA
County Dekalb
Lake Name None
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Flooring Hardwood, Vinyl
Window Features None
Exterior
Garage Driveway, Paved
Fence None
Community Features Near Schools, Public Transportation, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Parking Type Driveway, Paved
Total Parking Spaces 3
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Dresden
Middle Schools Sequoyah - Dekalb
High Schools Cross Keys
Others
Senior Community no
Tax ID 18 268 10 041
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Rudhil Companies, LLC
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CEO | DRE# SA695240000 | DRE# 02100184