Step into an extraordinary opportunity with this versatile gem on 2794 7th Street, Atlanta – a single-family home already set up like a duplex and brimming with the potential to become a triplex. Whether you’re a first-time homebuyer or a seasoned investor, this property offers the perfect combination of value, income potential, and long-term wealth-building opportunities. Appraised at $350,000, this home boasts $40,000 in built-in equity, making it an exceptional find. Currently, the property features a 2 bed / 1 bath unit estimated to rent for $1,500 per month and a 1 bed / 1 bath unit estimated to rent for $1,350 per month. The real magic lies in the unfinished basement, which can be converted into a 2 bed / 1 bath apartment, potentially adding another $1,500 per month in rental income. With the conversion, this property could generate a total of $4,350 per month in gross rental income. The seller, a licensed general contractor, has provided a $35,000 bid to complete the basement conversion, turning this vision into a reality. To further sweeten the deal, two brand-new HVAC systems are currently being installed for the existing units, ensuring tenant comfort. With two separate gas meters, tenants pay their own gas bills, simplifying property management for you. The seller, a trusted Atlanta Housing Authority landlord, is even willing to place Section 8 tenants after closing, guaranteeing reliable rental income. To give you added peace of mind, $10,000 will be held in escrow until the Section 8 tenants are secured. This property is more than just an investment – it’s a golden opportunity to secure your financial future, generate significant monthly income, and build lasting wealth. Don’t let this chance slip away – take the first step toward owning this incredible property today.

Location

• SubdivisionSlaton Marnor Condo
• Zip Code30315
• CityAtlanta
• CountyFulton - GA

Schools

• ElementaryEmma Hutchinson
• JuniorCrawford Long
• HighSouth Atlanta

MLS Data

• StatusHold
• MLS #7514217
• TypeResidential Income

Exterior Details

• ConstructionHardiPlank Type, Wood Siding
• Built In1932
• StoriesArray
• UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
• SewerPublic Sewer
• Lot Dimensionsx
• Acres0.2044

Listing Provided Courtesy Of: Maximum One Greater Atlanta Realtors 770-919-8825