Description
2065 Morehouse,
Atlanta,
GA
30314
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.
This is an Active listing.
Broker Office Phone Number: 770-509-0700
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Amenities
- Carpet
- Carpeted Floors
- Deck
- Dishwasher
- Split Bedroom Plan
- Vinyl Flooring
- Walk-in Closet(s)
- Washer / Dryer
- Composition Shingle Roof
Listing By: Keller Williams Rlty-Atl.North via Data Source: Georgia Multiple Listing Service
Price History
date | price | variance | type |
---|
11/27/2024 | $339,000 | 9.35 % | increased |
5/25/2024 | $310,000 | - | Listed |
listing agent: Gabriel Bettsack