2 Beds
1 Bath
1,582 SqFt
2 Beds
1 Bath
1,582 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,582 sqft
Price per Sqft $116
Subdivision No Subdivision
MLS Listing ID 7837109
Style Colonial
Bedrooms 2
Full Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1890
Annual Tax Amount $1,235
Tax Year 2025
Lot Size 6,054 Sqft
Acres 0.139
Property Sub-Type Single Family Residence
Source First Multiple Listing Service
Property Description
Existing tenants currently generate approximately $1,100/month combined. The property is being sold AS-IS and offers significant value-add potential through renovation, restoration and possible reconfiguration or expansion, subject to zoning, historic-preservation requirements and governmental approvals. Known major-system information includes roof replacement in approximately 2014, HVAC dating to approximately 2005 and water heater dating to approximately 2002.
Because of the property's age, location and current income-producing use, buyers may wish to investigate potential historic rehabilitation incentives, including applicable Georgia historic rehabilitation income-tax credits, federal historic rehabilitation tax credits for qualifying income-producing historic properties and Georgia preferential property-tax assessment programs. There is also a grant for owner-occupants (buyers) that pays $60,000 for renovations of this home. Historic designation and program eligibility are being verified. No grant, tax credit, reimbursement or other incentive is represented or guaranteed; buyers should independently verify eligibility and program requirements before beginning rehabilitation.
**TWO WAYS TO BUY:** Seller will consider **$185,000 CASH *, proof of funds required, OR **$185,000 with OWNER FINANCING at 2.99% FIXED INTEREST and a 7-YEAR BALLOON**, with down payment and final financing structure negotiable. Owner financing may allow a qualified investor or buyer to preserve more capital for renovation and repositioning rather than committing additional cash to acquisition while potentially leveraging grant programs.
Acquire the property, preserve its historic character, evaluate available rehabilitation incentives, renovate and reposition for your investment strategy. Serious buyers and investors are encouraged to request additional property information and showing instructions.
Location
State GA
County Fulton
Area None
Lake Name None
Rooms
Bedroom Description Master on Main,Roommate Floor Plan
Other Rooms None
Basement Crawl Space
Main Level Bedrooms 2
Dining Room Separate Dining Room
Kitchen Cabinets White
Interior
Interior Features Crown Molding, Other
Heating Forced Air
Cooling Central Air
Flooring Hardwood, Ceramic Tile, Carpet
Fireplaces Number 1
Fireplaces Type Brick
Equipment None
Window Features Bay Window(s)
Appliance Electric Oven, Refrigerator
Laundry In Hall
Exterior
Exterior Feature None
Parking Features On Street
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Front Porch, Enclosed
Total Parking Spaces 4
Private Pool false
Building
Lot Description Back Yard, Other
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Structure Type Frame,Brick,Vinyl Siding
Construction Status Resale
Schools
Elementary Schools M.R. Hollis Innovation Academy
Middle Schools M.R. Hollis Innovation Academy
High Schools Banneker
Others
Senior Community no
Restrictions false
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry, Owner Second
Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry, Owner Second
Nearby Locations