663 Magnolia ST NW Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 7493893
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1998
Annual Tax Amount $4,168
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
Location
State GA
County Fulton
Lake Name None
Interior
Heating Natural Gas
Cooling Central Air
Flooring Laminate,Vinyl,Other
Window Features Insulated Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Beltline,Near Public Transport,Near Schools,Near Shopping,Near Trails/Greenway,Other
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available
Waterfront Description None
View Other
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level,Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Aluminum Siding,Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools M.R. Hollis Innovation Academy
Middle Schools M.R. Hollis Innovation Academy
High Schools Booker T. Washington
Others
Senior Community no
Tax ID 14 011000061653
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None