9,496 Sqft Lot
9,496 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Virginia Highland
MLS Listing ID 7794829
Construction Status Resale
HOA Y/N No
Year Built 1953
Annual Tax Amount $17,163
Tax Year 2025
Lot Size 9,496 Sqft
Acres 0.218
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Rare opportunity to own a fully occupied, low maintenance 4-sided brick 6-plex, steps from the Beltline and Ponce City Market.
This is a true "buy and hold" asset: the seller just invested $17K addressing inspection items to ensure the property is in excellent condition for the next owner.
Low Overhead: Units are separately metered for gas/electric (tenant paid). Tenants pay a flat water fee (included in monthly gross income figure).
Infrastructure: Recently replaced water/sewer mains. Freshly painted exterior. Each unit features its own washer/dryer and electric wall unit HVAC.
Stability: 100% occupancy with a history of reliable, on-time payments; half of the tenants have been there for 3-6 years.
Note: 35% min down for DSCR. No seller/creative financing. Showings granted during due diligence with accepted offer.
Location
State GA
County Fulton
Area Virginia Highland
Lake Name None
Interior
Heating Electric, Wall Unit(s)
Cooling Electric, Wall Unit(s)
Flooring Luxury Vinyl
Window Features None
Exterior
Parking Features None
Fence None
Community Features Near Beltline, Near Public Transport, Near Shopping, Restaurant, Sidewalks, Street Lights
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 1
Private Pool false
Building
Lot Description Sloped
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Springdale Park
Middle Schools David T Howard
High Schools Midtown
Others
Senior Community no
Tax ID 14 001700080251
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Nearby Locations