663 Magnolia ST NW Under Contract Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Single Family Home
Listing Status Under Contract
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 10422057
Construction Status Resale
HOA Y/N No
Year Built 1998
Annual Tax Amount $4,168
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
Location
State GA
County Fulton
Rooms
Basement Full
Interior
Heating Natural Gas,Other
Cooling Central Air,Common
Fireplaces Number 1
Exterior
Parking Features Off Street
Community Features Walk To Public Transit,Walk To Schools,Walk To Shopping
Utilities Available Sewer Connected
Building
Story Two
Foundation Slab
Sewer Public Sewer
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Out Of Area
Middle Schools M R Hollis
High Schools Washington
Others
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Special Listing Condition As Is,Investor Owned,No Disclosure,Rental