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Deborah Weiner

deborahweiner@northatlantahometeam.com +1(678) 628-8865

$ 339,000

Est. payment | -/mo

8,712 Sqft Lot

Save

$ 339,000

Est. payment | -/mo

Save

8,712 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 7795980

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1960

Annual Tax Amount $3,028

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

Exceptional turnkey investment opportunity with immediate cash flow! This newly renovated duplex at 477 Fairlane Circle NW is a proven income-producing asset generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated duplex offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.

Location

State GA

County Fulton

Area None

Lake Name None

Interior

Heating Central

Cooling Attic Fan, Ceiling Fan(s), Central Air

Flooring Vinyl

Window Features Insulated Windows

Exterior

Parking Features Driveway

Fence None

Community Features Golf, Near Public Transport, Near Schools, Near Shopping, Playground, Pool, Street Lights, Tennis Court(s)

Utilities Available Underground Utilities

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 4

Private Pool false

Building

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Updated/Remodeled

Schools

Elementary Schools Harper-Archer

Middle Schools John Lewis Invictus Academy/Harper-Archer

High Schools Frederick Douglass

Others

Senior Community no

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Coldwell Banker Realty

Nearby Locations

Deborah Weiner

Realtor-Owner

+1(678) 628-8865 | deborahweiner@northatlantahometeam.com

477 Fairlane CIR NW Atlanta, GA 30331

Deborah Weiner

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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477 Fairlane CIR NW