240 wellington ST SW 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
MLS Listing ID 10578867
Year Built 1938
Annual Tax Amount $6,228
Tax Year 2024
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 10 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
Location
State GA
County Fulton
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Laundry In Unit
Exterior
Parking Features None
Community Features None
Utilities Available Sewer Connected
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction No
Schools
Elementary Schools F L Stanton
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Resale