This is an opportunity to own a rare quadruplex in the heart of Candler Park. THREE UNITS ALREADY OCCUPIED AND A NEW LEASE JUST EXECUTED (starting in September) AT $1,800/MONTH FOR ONE OF THE FOUR UNITS, WHICH IS $200 OVER THE MARKET RATE FOR A ONE BEDROOM UNIT!! This will increase the annual revenue to over $64,000 with very low expenses! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini's, El Gato, La Fonda, and Candler Market.Originally built in 1910, this property includes four 1B/1BA apartments with original charm such as vintage hardwood floors, intricate trim molding, antique fireplaces and original casement windows, as well as a great backyard with a fire pit. The Home has ample parking including a driveway and a parking lot directly across the street. All current tenants in good standing and up to date on rent. Units are currently leased below market rates. With a few updates, units could be leased for $1,600/month or more, further increasing the NOI and future residual value. Time to make hay while the sun shines!!!

Location

• SubdivisionCandler Park
• Zip Code30307
• CityAtlanta
• CountyDekalb

Schools

• ElementaryMary Lin
• JuniorDavid T Howard
• HighMidtown

MLS Data

• StatusActive Under Contract
• MLS #6850425
• TypeResidential Income

Exterior Details

• ConstructionVinyl Siding
• Built In1910
• StoriesOne
• ParkingParking Lot
• SewerPublic Sewer
• Lot Dimensions69X100
• Acres0.2

Listing Provided Courtesy Of: Keller Knapp, Inc.