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Key Details
Sold Price $350,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,204 sqft
Price per Sqft $109
Subdivision West Lake
MLS Listing ID 6822282
Sold Date 03/12/21
Style Bungalow
Bedrooms 5
Full Baths 3
Construction Status Resale
HOA Y/N No
Originating Board FMLS API
Year Built 1960
Annual Tax Amount $3,062
Tax Year 2020
Lot Size 7,318 Sqft
Acres 0.168
Property Description
High Performance Turnkey 11% CAP Income Producing PadSplit. This large property is located just northeast of the West Lake MARTA station in the rapidly appreciating West Lake neighborhood less than 1 mile from the Atlanta BeltLine. It was completely renovated in 2019. Sold with a corporate master lease that can include professional management.This property generates more than $56,000/year in gross rents and over $40,000/year in net income after expenses. Expect appreciation in this Westside neighborhood with development on all sides. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. The lease transfers with the sale of the property. An experienced third-party property manager is also available making this property ideal for any investor no matter their capacity. PLEASE DO NOT DISTURB MANAGEMENT OR TENANTS. DO NOT TRESPASS ONTO PROPERTY!
Location
State GA
County Fulton
Area 22 - Atlanta North
Lake Name None
Rooms
Bedroom Description Master on Main, Oversized Master
Other Rooms None
Basement Daylight, Exterior Entry, Finished, Finished Bath, Full, Interior Entry
Main Level Bedrooms 3
Dining Room Open Concept
Interior
Interior Features Beamed Ceilings, Cathedral Ceiling(s), High Ceilings 9 ft Main, Low Flow Plumbing Fixtures, Tray Ceiling(s), Walk-In Closet(s)
Heating Central, Electric, Forced Air, Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Hardwood
Fireplaces Number 1
Fireplaces Type Basement, Family Room
Window Features None
Appliance Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Appliances, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
Laundry Laundry Room, Lower Level
Exterior
Exterior Feature Balcony, Private Rear Entry, Private Yard
Parking Features Driveway
Fence None
Pool None
Community Features Near Beltline, Near Marta
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Other
Roof Type Composition, Shingle
Street Surface Asphalt, Paved
Accessibility None
Handicap Access None
Porch Covered, Deck, Front Porch, Rear Porch
Total Parking Spaces 2
Building
Lot Description Back Yard, Front Yard, Private
Story Two
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools F.L. Stanton
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Douglass
Others
Senior Community no
Restrictions false
Tax ID 14 014700010285
Ownership Fee Simple
Financing no
Special Listing Condition None
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Bought with PalmerHouse Properties