862 Mitchell ST SW Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family,Triplex
Listing Status New
Purchase Type For Sale
Subdivision Owens /Fd Thurmond
MLS Listing ID 10521982
Year Built 1920
Annual Tax Amount $2,810
Tax Year 22
Lot Size 4,007 Sqft
Property Sub-Type Multi Family,Triplex
Property Description
This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that's already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000. The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns. Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall-every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only-this is a rare chance to own a high-performing asset in one of Atlanta's most promising markets.
Location
State GA
County Fulton
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air
Laundry Other
Exterior
Parking Features Off Street
Community Features Near Public Transport,Walk To Schools,Near Shopping
Utilities Available Electricity Individual Meters
View Y/N No
Building
Foundation Block,Slab
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools Jones
Middle Schools Herman J. Russell
High Schools Washington
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Updated/Remodeled