An extraordinary investment opportunity is here-a duplex-style home strategically positioned in one of Atlanta's most lucrative high-rent zones. This property isn't just a home; it's a wealth-building tool, designed to deliver consistent and predictable income for years to come. With $3,300 in guaranteed Section 8 rents already locked in, this is a cash flow machine waiting to be optimized further. For the forward-thinking investor, the basement offers untapped potential. With a licensed general contractor's bid of just $35,000, the basement can be transformed into a third unit, a studio apartment that generates $1,500 per month in Section 8 rents. This single upgrade takes your total monthly rental income to $4,800, turning this property into a high-yielding, three-unit asset. Certified with an appraised value of $335,000, the property is already a high-performing investment. Two long-term Section 8 tenants are set to move into Units A and B on February 5, 2025, providing instant and stable income. With separate gas meters, managing operating costs across multiple units becomes seamless-ideal for investors looking to minimize expenses while maximizing returns. This home is located in the C22 Rent Area, one of the highest-paying zones for the Atlanta Housing Authority. This strategic placement ensures top-tier rental rates and consistent demand. The property's ability to command premium rents, combined with its potential for a swift and cost-effective upgrade, makes it an exceptional choice for investors seeking long-term cash flow and equity growth. With a potential annual income of $57,600, this asset delivers a strong return on investment. For cash buyers, the benefits are even more compelling-no delays, no financing headaches, and immediate ownership of a high-performing property. The streamlined path to profitability is clear, backed by a well-documented contractor bid and rental map guidance from the Atlanta Housing Authority. The opportunity to secure a cash-generating property like this doesn't come often. Whether you're looking to expand your portfolio or lay the foundation for long-term passive income, this home is the perfect addition to your strategy. Act now to schedule a walkthrough, review the detailed financials, and seize the chance to turn this property into your next success story. With the tenants ready to move in and the basement conversion primed for action, the time to invest is now. Schedule a Private Showing

Listing courtesy of GAMLS / George Ansong / Maximum One Grt. Atl. REALTORS

Last checked: Checking… • Last updated Jan 15, 2025 • Source: GAMLS

MLS# 10440295 — Report a problem

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