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Holly Nelson

holly.nelson@evmountains.com +1(706) 455-7400

$ 475,000

Est. payment -/mo

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New

171 Anderson AVE NW Atlanta, GA 30314

10,018 Sqft Lot

UPDATED:

03/11/2025 02:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

MLS Listing ID 10474687

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1933

Annual Tax Amount $1,032

Tax Year 22

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 10018.8

Property Sub-Type Multi Family

Property Description

Offered at $475,000 with a CAP rate of 7.5%, this investment property boasts a potential annual gross income of $65,000. Currently 100% occupied with many tenants currently applying, it's a perfect 1031 exchange candidate or even for a first-time investment. Renovated in 2024 as an investment property, it includes 8 rooms and 3 bathrooms. The house has a full kitchen, as well as updated features including new HVAC, water heater, wash/dryer, and keyless entry. The property is in close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Property is great for DSCR loan or even a 1031 exchange. This property is for sale by the owner and can be reached at via phone (803-760-3631) or via email (stuarthhope@gmail.com). Tours can be scheduled after proof of funds have been sent and an initial call between the buyer and the seller has occurred.

Location

State GA

County Fulton

Rooms

Basement Crawl Space

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Community Features None

Utilities Available Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces Reach out to seller

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete

New Construction No

Schools

Elementary Schools Peyton Forest

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 017400090119

Special Listing Condition Updated/Remodeled

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Holly Nelson

Associate Broker | License ID: 248829

+1(706) 455-7400

Holly Nelson

171 Anderson AVE NW Atlanta, GA 30314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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171 Anderson AVE NW