2065 Morehouse DR NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 7467306
Year Built 1938
Annual Tax Amount $3,676
Tax Year 2023
Lot Size 8,999 Sqft
Property Description
Single family home set up like a duplex duplex !! Guaranteed CASH COW section 8 rental property. Investors & Landlords DON?t worry about evictions anymore and don?t miss out on STABLE incomes . This property is GUARANTEED government rental income , It has certified desktop appraisal at 350k. Section 8 tenants scheduled to move in on 10/28/24 . Unit A is a 1br/1ba - has an approved rent amount of $1,250.00 plus $100.00 service fee & unit B - Has an approved rent amount of $1,250 plus $100.00 service fee. This is GREAT opportunity for investors who?s willing to put more skin in the game by putting down 25 percent down for a 30 year mortgage. This will give you a 10 percent ANNUALLY cap rate by LEVERAGING a 30 year mortgage. This will lower your interest rates and affordable monthly payments. Property has Two NEW gas meters !!
Preferred closing date - buyer will close with activated section 8 contracts on or before 10/28/24
Seller is providing a 2 year home warranty at closing !!!
Location
State GA
County Fulton
Interior
Heating Central,Separate Meters
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Other
Exterior
Garage Paved,See Remarks
Fence Back Yard,Vinyl,Wood
Community Features Other
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Underground Utilities,Water Available
Waterfront Description None
View Other
Roof Type Asbestos Shingle
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Structure Type HardiPlank Type,Wood Siding,Other
New Construction No
Schools
Elementary Schools Woodson Park Academy
Middle Schools Fulton - Other
High Schools Frederick Douglass
Others
Acceptable Financing 1031 Exchange,Cash,Other
Listing Terms 1031 Exchange,Cash,Other
Special Listing Condition None