Bought with No Selling Agent • Non-Mls Company
$500,000
$450,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
9,104 Sqft Lot
SOLD DATE : 08/30/2024
Key Details
Sold Price $500,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 10336608
Sold Date 08/30/24
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,644
Tax Year 2023
Lot Size 9,104 Sqft
Property Description
**Two Properties Included in Sale** 667 Thurmond Street NW & 673 Thurmond Street NWl. Cross-listed with FMLS #7415170. PRIME Investment Opportunity in Historic Vine City. 667 Thurmond Street NW & 673 Thurmond Street NW are side-by-side duplexes with skyline views of Downtown Atlanta, steps from Mercedes-Benz Stadium, nearby HBCUs and Vine City MARTA. The side-by-side duplexes feature two 1BR/1BA units in each building. Listed $100,000 UNDER appraised value! 11% cap rate. Approved Section 8 guarantees long-term rental income at $1000 each unit and potential to go to $1150 each. A stone's throw from the new $60+ million Rodney Cook, Sr. Park. Close to Castleberry Hills, Centennial Park, Georgia Aquarium, Georgia Tech, Georgia Dome, State Farm Arena and more. This property offers a range of possibilities to capitalize on the growing demand for housing in Atlanta. Keep as current Section 8 Approved rental property or demolish both duplexes to build a 4 story building. Already up zoned for future development. This opportunity is brimming with potential. Entire block going commercial. Property around the corner listed for $11 million. Don't miss out on the opportunity to capitalize on the area's growth and redevelopment projects in one of Atlanta's most dynamic and evolving neighborhoods.
Location
State GA
County Fulton
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Off Street
Garage Spaces 4.0
Community Features Park, Playground, Pool, Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Underground Utilities
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Hollis Innovation Academy
Middle Schools Brown
High Schools Washington
Others
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
Financing Cash
Special Listing Condition Investor Owned
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