2065 Morehouse Drive NW, Atlanta GA 30314

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$339,000

2065 Morehouse Drive NW, Atlanta, GA 30314

bedrooms

bathrooms

square feet

1,200

Acreage

0.2066

Open Houses

Dec 21

year built

1938

Full Baths

Half Baths

Find out more

INVESTORS or Owner-Occupant Buyers!! This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller's general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.

Location
Subdivision	Dixie Hills
County	Fulton - GA
Elementary School	Woodson Park Academy
Middle School	Fulton - Other
High School	Frederick Douglass

Driving directions

Open houses

Dec

Saturday

1PM — 2PM

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MLS number: 7491397

Listing agent: Gabriel Bettsack

Listing broker: Realty East Cobb Dba Keller Williams Realty Atlanta North (770) 509-0700

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Last update: Wednesday, December 18 2024 at 6:40 p.m. EST

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