368 Mell Avenue
Atlanta, GA 30307
$825,000
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!!!
- SubdivisionCandler Park
- Zip Code30307
- CityAtlanta
- CountyDekalb - GA
Location
- ElementaryMary Lin
- JuniorDavid T Howard
- HighMidtown
Schools
- StatusSold
- MLS #6850425
- TypeResidential Income
MLS Data
- ConstructionVinyl Siding
- Built In1910
- StoriesOne
- ParkingParking Lot
- SewerPublic Sewer
- Lot Dimensions69X100
- Acres0.2
Exterior Details
Sold By: Keller Knapp 404-370-0092
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of
this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not
guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here
to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing
Service, Inc.
This property information delivered from various sources that may include, but not be limited to, county records and the multiple listing service. Although the information is believed to be reliable, it is not warranted and you should not rely upon it without independent verification. Property information is subject to errors, omissions, changes, including price, or withdrawal without notice.
For issues regarding this website, please contact Eyesore at 678.692.8512.
Data Last updated on July 2, 2025 7:09pm