2065 Morehouse DR NW new 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 7516801
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1938
Annual Tax Amount $3,894
Tax Year 2024
Lot Size 8,999 Sqft
Acres 0.2066
Property Description
Investors and owner-occupants, this fully renovated single-family home, designed like a duplex, offers a rare opportunity with guaranteed rental income and $25,000 in built-in equity. With a certified appraisal value of $350,000, this property provides immediate returns and long-term appreciation potential. Unit A is currently occupied by a Section 8 tenant generating $1,250 per month, while Unit B, an in-law suite, has been approved for $1,650 per month through a state program. The property features two separate gas meters for easy tenant management, and a new HVAC system is being installed in Unit B. With a total rental income of $2,900 per month, this investment delivers a 15% annual cap rate with a 30-year mortgage. To provide additional peace of mind, the seller is including a one-year home warranty. Whether you're looking for passive income or a way to offset your mortgage, this is a turnkey opportunity that won't last long. Schedule a showing today.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central,Separate Meters
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Vinyl
Window Features None
Exterior
Parking Features None
Fence None
Community Features None
Utilities Available Electricity Available,Natural Gas Available,Underground Utilities,Water Available
Waterfront Description None
View City
Roof Type Asbestos Shingle,Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding,Wood Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Woodson Park Academy
Middle Schools Fulton - Other
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 017400070038
Special Listing Condition None