311 University Avenue SW
Atlanta, GA 30310
- – beds
- – baths
- – sqft
- 4,138 sqft lot
- 1948 build
- – on site
Calling all INVESTORS! Strategically located in close proximity to Atlanta Beltline, Pittsburg Yards, major highways and public transportation, this up/down duplex on University Avenue offers a practical yet spacious layout with three bedrooms and two bathrooms on the upper unit and a one bedroom and one bathroom on the bottom unit. Both units were renovated a few years ago and have goodstanding, current tenants in place. The bottom-level unit tenant has signed a renewal for a one-year lease starting March 1st, 2025. The duplex nature of the home also opens the door to incredible investment opportunities where one (or both) of the units could be used to generate income from tenants, and one can be owner-occupied in the near future. The seller rents the upstairs unit for $1850 a month and the bottom unit for $1,050 a month, a total of $2900 a month. Both tenants have renewed their leases with rent increases for one year each, lease expires on March 1st, 2026. Considerate & kind tenants who are extremely stable with on-time rental payment history. This fantastic & hassle-free investment opportunity in the heart of Atlanta offers profitable returns and a high cap rate for a savvy investor's portfolio.
Last checked:
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Last updated Feb 20, 2025
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MLS# 10428380 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1948
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Construction Materials:Other
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Structure Type:Duplex
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# of Units Total:2
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Levels:One and One Half
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Basement:Crawl Space
Financial & Terms
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Possession:Negotiable
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Owner Pays:Other
Location
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Latitude:33.722281
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Longitude:-84.398332
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot Size Acres:0.095
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Lot Size Source:Public Records
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Parcel Number:14 007400081168
Listing Agent
- Contact info:
- Agent phone:
- (678) 775-2600
- Office phone:
- (678) 775-2600
Taxes
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Tax Year:2023
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Tax Annual Amount:$4,839
The Listing
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Virtual Tour URL Branded:
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Air
Utilities
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Utilities:Sewer Connected, Other, Electricity Individual Meters, Water Individual Meters
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Gideons
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Middle School:Sylvan Hills
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High School:Carver
The Community
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Subdivision:Tuskegee Heights
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Community Features:Street Lights
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:None
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Parking Total:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/13/25
Feb 13, 2025
|
Price Changed | GAMLS | $365,000 | -2.7% |
|
1/28/25
Jan 28, 2025
|
Price Changed | GAMLS | $375,000 | -2.6% |
|
1/13/25
Jan 13, 2025
|
Price Changed | GAMLS | $385,000 | -1.3% |
