2794 7th ST SW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Slaton Manor Condo
MLS Listing ID 10446535
Year Built 1932
Annual Tax Amount $1,142
Tax Year 22
Lot Size 8,886 Sqft
Property Sub-Type Multi Family,Duplex
Property Description
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
State GA
County Fulton
Interior
Heating Central,Common,Electric,Natural Gas
Cooling Ceiling Fan(s),Central Air
Laundry In Unit
Exterior
Parking Features Off Street
Community Features Near Public Transport,Near Shopping
Utilities Available Electricity Individual Meters,Gas Individual Meters
View Y/N No
Building
Foundation Block,Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Brick,Log,Vinyl Siding,Wood Siding
New Construction No
Schools
Elementary Schools E C West
Middle Schools Crabapple
High Schools South Atlanta
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Resale