862 Mitchell Street SW

Atlanta, GA 30314

$489,000

Multi-family property with a triplex-style layout – $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft – 3 spacious units $140,000 in Renovations – New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month – Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month – New tenant moving in July Unit C: Finishing touches in progress – Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don’t Miss Out Opportunities like this don’t last in 30314!

    MLS Data

  • StatusActive
  • MLS #7579097
  • TypeResidential Income
  • SpecialSold As/Is

    Exterior Details

  • ConstructionBrick, Frame
  • Built In1920
  • StoriesArray
  • UtilitiesCable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
  • SewerPublic Sewer
  • Lot DescriptionLevel
  • Lot Dimensionsx
  • Acres0.0918

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

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Data Last updated on July 8, 2025 10:28am


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