663 Magnolia Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 10422057
Year Built 1998
Annual Tax Amount $4,168
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Attention Investors! Back on the market at no fault to the Seller. This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
Location
State GA
County Fulton
Interior
Heating Natural Gas,Other
Cooling Central Air,Common
Fireplaces Number 1
Laundry Other
Exterior
Parking Features Off Street
Community Features Near Public Transport,Walk To Schools,Near Shopping
Utilities Available Sewer Connected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Other,Vinyl Siding
New Construction No
Schools
Elementary Schools Out Of Area
Middle Schools M R Hollis
High Schools Washington
Others
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Special Listing Condition Resale