663 Magnolia Street NW
Atlanta, GA 30314
0.10 acres | #7493893
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!
Property Details
- Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
- Elementary SchoolM.R. Hollis Innovation Academy
- Middle SchoolM.R. Hollis Innovation Academy
- High SchoolBooker T. Washington
- Lot DescriptionLevel, Other
- Sewer InformationPublic Sewer
- Parking FeaturesParking Lot
- CountyFulton - GA
- SubdivisionVine City
- Property TypePurchase
- Original List Price$295,000
- MLS #7493893
- MLS #7493893
- Utility SourcePublic
- Taxes Annual$4,168
- Cost295000
- Property ConditionResale
- ViewOther
- Property SubtypeOther
- Year Built1998
- Acres0.1
Location
Legal
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Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: Hillary Dukes (#PASSWORD)
Listing Office: Berkshire Hathaway HomeServices Georgia Properties (#BHHS05)
Listing Courtesy (Buyer)
Buyer's Agent: Hillary Dukes (#PASSWORD)
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