1685 Richmond Se Avenue, Atlanta, GA 30315

$449,900
List Price
$449,900
MLS#
7362097
Status
ACTIVE UNDER CONTRACT
Type
Multifamily
Subtype
Quadruplex
Lot Size
0.2066
Subdivision
Lakewood Heights

Property Description

Showing is scheduled for Saturday April 6th, 12pm-4pm. Don't miss out on this exceptional opportunity for savvy investors! Nestled in the heart of Atlanta, this QUADRAPLEX offers a rare chance to own a piece of history at an irresistible price. Situated in an up-and-coming neighborhood, this historical stylish building is surrounded by new developments and revitalization efforts. All four units are currently occupied by reliable, long-term tenants, offering a steady stream of income. Despite the prime location, rents are currently well below market value, presenting an ample opportunity for increased profitability. Three out of the four apartments have been recently renovated within the last two years, showcasing modern upgrades and ensuring tenant satisfaction. Additionally, the building has been well maintained, providing peace of mind to prospective investors. Financing options are available, subject to the existing loan with a balance of $268,000 and an interest rate of 5.750%. Due to the privacy of the tenants, please refrain from disturbing the tenants. Disclosure, listing agent is the owner. Take advantage of this unique opportunity to invest in Atlanta's thriving real estate market. Contact the listing agent/owner today for further details.

Additional Information

Stories
Two
Construction
Frame, HardiPlank Type
Year Built
1940
Neighborhood Amenities
None
Roof
Shingle
Lot Dimensions
60x146X60X146
Parking
None
Lot Desc
Private
Water
Private
Sewer
Public Sewer
Elementary School
Thomas Heathe Slater
Middle School
Judson Price
High School
G.W. Carver
Acres
0.21
Levels
Two
Taxes
$3,782

Listing courtesy of Worth Clark Inc..

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