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Investors and owner-occupants, this fully renovated single-family home, designed like a duplex, offers a rare opportunity with guaranteed rental income and $25,000 in built-in equity. With a certified appraisal value of $350,000, this property provides immediate returns and long-term appreciation potential. Unit A is currently occupied by a Section 8 tenant generating $1,250 per month, while Unit B, an in-law suite, has been approved for $1,650 per month through a state program. The property features two separate gas meters for easy tenant management, and a new HVAC system is being installed in Unit B. With a total rental income of $2,900 per month, this investment delivers a 15% annual cap rate with a 30-year mortgage. To provide additional peace of mind, the seller is including a one-year home warranty. Whether you're looking for passive income or a way to offset your mortgage, this is a turnkey opportunity that won't last long. Schedule a showing today.
| DAYS ON MARKET | 1 | LAST UPDATED | 1/30/2025 |
|---|---|---|---|
| TRACT | Dixie Hills | YEAR BUILT | 1938 |
| COUNTY | Fulton | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Woodson |
|---|---|
| Jr. High School | Brown |
| High School | Douglass |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Trash |
| BASEMENT | None |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Central, Electric |
| LOT | 2 acre(s) |
| PARKING | Assigned |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Dixie Hills |
| TAXES | 3676 |
| UTILITIES | Sewer Connected, Underground Utilities |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Maximum One Grt. Atl. REALTORS
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
