368 Mell Avenue, Atlanta, GA 30307

$915,000
List Price
$915,000
Price Change
▼ $34,000 1628216036
MLS#
6850425
Status
ACTIVE UNDER CONTRACT
Type
Multifamily
Subtype
Quadruplex
Lot Size
0.2
Subdivision
Candler Park

Property Description

This is an opportunity to own a rare quadruplex in the heart of Candler Park. THREE UNITS ALREADY OCCUPIED AND A NEW LEASE JUST EXECUTED (starting in September) AT $1,800/MONTH FOR ONE OF THE FOUR UNITS, WHICH IS $200 OVER THE MARKET RATE FOR A ONE BEDROOM UNIT!! This will increase the annual revenue to over $64,000 with very low expenses! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini's, El Gato, La Fonda, and Candler Market.

Additional Information

Region
52 - Dekalb-West
Stories
One
Construction
Vinyl Siding
Year Built
1910
Neighborhood Amenities
None
Roof
Shingle
Lot Dimensions
69X100
Parking
Parking Lot
Lot Desc
Other
Water
Public
Sewer
Public Sewer
Elementary School
Mary Lin
Middle School
David T Howard
High School
Midtown
Acres
0.2
Dock
None
Annual Expenses
9121
Levels
One
Gross Income
64500
Net Operating Income
$55,379
Taxes
$6,895

Listing courtesy of Keller Knapp, Inc..

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