2875 3Rd Ave Atlanta, GA 30315

$203,507 Sold! 2bd / 1fb

 

This is an excellent turnkey buy and hold SECTION 8 opportunity to generate $2600 per month in GUARANTEED income. Each unit will bring in $1300 per month. This solid brick home is setup like a duplex. Seller will complete renovations needed to make Section 8 ready for investor to collect rental income from day one. Comparable income-producing property in the neighborhood sold for $222,000. Cap rate for this gem is estimated at 13%. Sold as is, where is. Close with Chalker & Chalker as title is ready.
Details Values
Bed/Bath 2bd / 1fb / 0hb
Status Sold
Sold Price $203,507
MLS# 8826571
Property Type Single Family Home
Address 2875 3Rd Ave
Atlanta, GA 30315
Subdivision Hammond Park
County Fulton
Style Other (See Remarks)
SQFT 0 sqft
Price/SQFT NA
Lot Size 0.22 Acres
Year Built 1960
Interior Features
Master on Main No
Rooms Other (See Remarks)
Kitchen
Other (See Remarks)
Laundry
Basement Full
Interior Other (See Remarks)
Energy None
Fireplaces 0
Heating Other (See Remarks)
Other (See Remarks)
Cooling Electric
Central
Equipment Alarm - Carbon Monoxide
Exterior Features
Exterior
Construction Brick 4 Sided
Roof Composition
Parking Parking Pad
Pool
Amenities None
Lot City View
Water Public Water, Sewer In Street
School Information
Schools Hutchinson (ES)
Long (MS)
S Atlanta (HS)
Financial Information
Tax ID: 14 009300031608
Annual Taxes: $286 (2018)
Annual Assoc. Fee: $0
Additional Information
Closed Date 09/14/2020
Listing Courtesy Of Keller Williams Rlty-Atl.North

Property Description From County Records
County FULTON
ParcelID 14 009300031608
Census Track/Block 007400/1
Subdivision
Year Built 1960
Legal Description
Acreage 0.21 acres
Plat Book/Page  / 
Tax Assesment
Tax Year 2018
Appraised Land 5000
Appraised Improvements $12,300
Total Tax Appraisal $17,300
Total Assessment $6,920
City Taxes $ 214.31
County Taxes $ 72.17
Total Taxes $ 286.48
Exemption
Exemption Amount $ 0.00
Building Characteristics
SQFT 974
Type RESIDENTIAL
Year Built 1960
Total Rooms 5
Bedrooms 2
Full Baths 1
Half Baths
Interior Finish
Air Conditioning
Heat Type FORCED AIR UNIT
Stories 1.00
Foundation
Exterior Wall STONE/WALL
Structural Framing
Roof Framing
Roof Cover Deck
Gas Source PUBLIC
Electric Source PUBLIC
Water Source PUBLIC
Sewer Source PUBLIC
Prior Sales From County Records
Date Amount Book/Page or Document
07/27/2020 $0 62005/ 446 2020-026443
05/29/2020 $118,000 61692/ 601 2020-018712
05/28/2020 $0 61692/ 599 2020-018709
05/27/2020 $0 61692/ 600 2020-018710
11/10/2018 $0 59437/ 404 2018-044945
05/18/2015 $0 54943/ 166
11/30/2012 $10,000 51973/ 560
09/23/2002 $0 33288/ 125
07/01/1992 $46,500 /
04/01/1988 $43,400 /

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