221 15th Nw Street, Atlanta, GA 30318

$1,150,000
List Price
$1,150,000
MLS#
7379534
Status
ACTIVE
Type
Multifamily
Subtype
Triplex
Lot Size
0.17220000000000002
Subdivision
Home Park

Property Description

This sought after gem is a rare find! Surrounded by lush mature landscape this income generating triplex located in the Historic Home Park district of Atlanta! Surrounded by mature oak, walnut and mulberry trees, this property is positioned on an oversized corner lot at the intersection of Barnes and 15th Street. Triplex offers unparalleled convenience with easy access to I-85/75 and walking distance to Atlantic Station, shops, restaurants, entertainment and city transportation. GATECH, SCAD, GSU, Microsoft, Wells Fargo, Google, OTE Arena and mixed use new build AMLI - all just minutes away! This property offers a steady stream of income with two units (B and C) currently rented to students and one unit is family occupied. With a total of 7 bedrooms combined, where each can be leased individually to maximize your rental potential. The main unit - A is currently occupied by family members at a below-market rent, presents an ideal opportunity for owner occupancy. Additionally, this unit is licensed with the city of Atlanta as a short-term rental and offers flexibility for both short-term and long-term leasing strategies, catering to various tenant needs and maximizing rental income potential while providing a unique blend of investment and personal residence. Be ready to host 2026 FIFA World Cup at this unbeatable location! Unit A is fully furnished and decorated with 3 Bedrooms and a full bath + vanity. Fully stocked kitchen, stainless steel appliances, washer/dryer in unit. Units B and C each feature 2 Bedroom, full bath, kitchen equipped with all appliances and stacked washer/dryer. Living room areas are furnished with sofa's and TV's. This unique for the location property also includes an oversized fenced-in backyard, perfect for pet owners, shaded patio with seating area provides cozy outdoor enjoyment. The fenced-in front yard with new landscaping provides for additional space to relax and unwind, while enhancing street appeal. With plenty of recent upgrades, that include new landscape, gutters, windows, AC unit, water heater, newer flooring, a recent roof replacement, and fresh paint this triplex offers modern comforts and low maintenance for the savvy buyer. Whether you're an experienced investor or a first-time buyer looking to generate passive income, this triplex presents a rare opportunity to secure a lucrative investment in one of Atlanta's most desirable neighborhoods. Don't miss your chance to own this income-generating triplex in the heart of Midtown. Schedule a showing today and take the first step towards building your real estate portfolio!

Additional Information

Stories
Two
Construction
Cement Siding
Year Built
1935
Neighborhood Amenities
Near Public Transport, Near Schools, Near Shopping, Public Transportation, Restaurant, Sidewalks, Street Lights
Roof
Composition
Lot Dimensions
158X51X156X51
Parking
See Remarks
Lot Desc
Corner Lot, Level, Rectangular Lot
Water
Public
Sewer
Public Sewer
Elementary School
Centennial Place
Middle School
David T Howard
High School
Midtown
Acres
0.17
Dock
None
Annual Expenses
2590
Levels
Two
Gross Income
64800
Taxes
$14,308

Listing courtesy of The Providence Group Realty, LLC..

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