Bought with Kiara Velasco • Rudhil Companies, LLC
$449,900
$450,000
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0.4 Acres Lot
SOLD DATE : 11/15/2023
Key Details
Sold Price $449,900
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Whispering Hills
MLS Listing ID 10196376
Sold Date 11/15/23
Construction Status Resale
HOA Y/N No
Year Built 1960
Annual Tax Amount $4,597
Tax Year 2022
Lot Size 0.400 Acres
Property Description
Amazing opportunity for the savvy investor! Located in highly desirable Chamblee area near I85 and within walking distance to Dresden Elementary school, makes this a highly desirable four sided brick rental. Each unit has 2 bedrooms and 1 bathroom with new driveways completed in 2023(a $6K improvement) and has a family room and kitchen. Recent improvements include painting. The current rental rates are below market value, current rental rates are typically $1,400-$1,600. Investors can buy now and raise rates as-is or renovate and raise to even higher rates and refinance. Long term Tenants in unit 2881 are on month-to-month lease and unit 2879 has long term tenants of 10 years and are on a month-to-month lease. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2853 Shallowford Rd, which just recently appraised for $520K (appraisal available upon request), and seller would prefer to sell both duplexes at the same time. Tenants currently occupy the property, please do not walk the property or disturb the tenants.
Location
State GA
County Dekalb
Rooms
Basement None
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Exterior
Parking Features Parking Pad
Garage Spaces 3.0
Community Features Sidewalks, Walk To Schools
Utilities Available Other
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Dresden
Middle Schools Sequoyah
High Schools Cross Keys
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition As Is, Investor Owned, No Disclosure
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