$315,000
For Sale

768 Grant Terrace

Atlanta, GA 30315
Browse 9 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Not only does this rental property cash-flow at the asking price, it is located in a well established "A" neighborhood AND there are multiple ways to SIGNIFICANTLY increase your returns on this investment. Currently stabilized with a long-term AHA tenant in place at $2310/month & has the potential for higher rents should certain upgrades be installed. A large, level lot zoned R-5 would allow you to build an ADU and DOUBLE the monthly gross income OR you could scrape the lot and build a large, brand new single family home or duplex and easily sell for upwards of $800,000 +. Summerhill is an incredibly popular, hip neighborhood with high-level amenities within walking distance along Georgia Ave. Walkable to the Beltline, Grant Park, The Beacon, GSU and so much more! Instant access to 75/85 & I-20. Minutes from downtown, 20 minutes to the airport, 20 minutes to Buckhead, 20 minutes to Decatur Square. Close to all of Atlanta's hottest neighborhoods! This is a PRIME piece of Real Estate with multiple ways to maximize returns!

  • Property Details
      • Short SaleAs Is, Investor Owned, No Disclosure
      • Utility FeaturesOther, Sewer Connected
      • High SchoolMH Jackson Jr
      • Sewer InformationPublic Sewer
      • SubdivisionSummerhill
      • Property TypePurchase
      • Elementary SchoolParkside
      • MLS #10495370
      • MLS #10495370
      • Utility SourcePublic
      • CountyFulton
      • Taxes Annual$4,259
      • Cost315000
      • Property SubtypeHouse
      • Structure TypeHouse
      • Acres0.12
      • Year Built1991
      • Middle SchoolKing

Location

Osmany DiloneReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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