2065 Morehouse Drive NW
Atlanta, GA 30314
0.21 acres | #7491484
Description
INVESTORS or Owner-Occupant Buyers!!
This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller's general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
Property Details
- Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
- Parking FeaturesDriveway, Level Driveway
- Fence DescriptionFenced, Front Yard, Wood
- Elementary SchoolWoodson Park Academy
- High SchoolFrederick Douglass
- Property ConditionUpdated/Remodeled
- Middle SchoolFulton - Other
- Sewer InformationPublic Sewer
- ViewTrees/Woods
- SubdivisionDixie Hills
- CountyFulton - GA
- Parking TypeDriveway
- Property TypePurchase
- Original List Price$339,000
- MLS #7491484
- MLS #7491484
- Acres0.2066
- Utility SourcePublic
- Taxes Annual$3,676
- Cost339000
- Lot DescriptionLevel
- Property SubtypeOther
- Year Built1938
- Fence1
Location
Legal
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Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: Gabriel Bettsack (#BETTSACK)
Listing Office: Keller Williams Realty Atl North (#KWEC01)
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.
