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Rough Draft Atlanta
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.2044
open houses
Open Houses
-
year built
year built
1932
full baths
Full Baths
0
half baths
Half Baths
0
Step into an extraordinary opportunity with this versatile gem on 2794 7th Street, Atlanta – a single-family home already set up like a duplex and brimming with the potential to become a triplex. Whether you’re a first-time homebuyer or a seasoned investor, this property offers the perfect combination of value, income potential, and long-term wealth-building opportunities. Appraised at $350,000, this home boasts $40,000 in built-in equity, making it an exceptional find. Currently, the property features a 2 bed / 1 bath unit estimated to rent for $1,500 per month and a 1 bed / 1 bath unit estimated to rent for $1,350 per month. The real magic lies in the unfinished basement, which can be converted into a 2 bed / 1 bath apartment, potentially adding another $1,500 per month in rental income. With the conversion, this property could generate a total of $4,350 per month in gross rental income. The seller, a licensed general contractor, has provided a $35,000 bid to complete the basement conversion, turning this vision into a reality. To further sweeten the deal, two brand-new HVAC systems are currently being installed for the existing units, ensuring tenant comfort. With two separate gas meters, tenants pay their own gas bills, simplifying property management for you. The seller, a trusted Atlanta Housing Authority landlord, is even willing to place Section 8 tenants after closing, guaranteeing reliable rental income. To give you added peace of mind, $10,000 will be held in escrow until the Section 8 tenants are secured. This property is more than just an investment – it’s a golden opportunity to secure your financial future, generate significant monthly income, and build lasting wealth. Don’t let this chance slip away – take the first step toward owning this incredible property today.
Location
Subdivision Slaton Marnor Condo
County Fulton - GA
Elementary School Emma Hutchinson
Middle School Crawford Long
High School South Atlanta
open houses Open houses
None scheduled.
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MLS number: 7514217
Listing agent: George Ansong
Listing broker: Maximum One Real Estate Group, Llc (770) 919-8825
Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Saturday, February 15 2025 at 12:12 a.m. EST
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