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PRICE $225,000 BEDS 3 BATHS 2 HOME SIZE 1,308 sqft LOT SIZE 7,841 sqft Request More Info

This property is for the savvy investor, or for the homeowner who want to make additional money reducing their overall expenses or for someone with a large family who need additional living space for a teenage or adult child. Located in the Lakewood area, this property is a single family residence but it is designed like a duplex unit. The front portion of the house which we call Unit 1 consists of two bedrooms, one full bathroom, living room, dining room and kitchen. The back of the house which we call Unit 2 consists of an oversized bedroom, living room (which can also be a second bedroom), full bathroom, dining room and kitchen. The Atlanta Housing Authority has already approved and inspected both units. Unit 1 has been approved to receive $1,500.00 per month in rent and Unit 2 will receive $1,245.00 per month in rent for a total amount of $2,745.00 per month in rent! Numbers don’t lie! The total amount of rent will be $2,745.00 X 12 months = $32,940.00 a year. In addition, the rent for 2022, will increase from $1,500.00 to $1,750.00 and from $1,245.00 to $1,500.00. This means that the total amount of rent collected will be $3,250.00 per month for a total of $39,000.00 per year. It's all been approved by Atlanta Housing Authority. I think every investor would like to have this amount of guaranteed rent money. This house is appealing to a potential homeowner who could live in Unit 1 and rent out Unit 2. The rent can supplement the mortgage payment or provide additional cash flow and allow the homeowner to live relatively comfortably. Likewise, this would be an ideal home for a large family who has an older teenager or adult child that can benefit from having their own living space. The property is located in the Lakewood area. It is in walking distance to the Lakewood Amphitheatre and extremely close to Hwy. 166, I-75/85, I-20, the Downtown and Mid-town areas as well as to Hartsfield Atlanta Airport. The property is very accessible to those who need public transportation. You can shop at Camp Creek Marketplace, Greenbriar Mall, Greenbriar Market, East Point Mini Mart, Cleveland Avenue Crossing or Wal-Mart close by. If you choose not to rent to tenants from the Atlanta Housing Authority, you can rent the property to students attending Georgia State University or Georgia Tech University which is less than a 10-minute drive. You can also use this property for an Airbnb since it is so close to the downtown area. This property gives you options as to how to make money. Hurry! This will not last long! Buy this home and you decide the best use for it. Now remember, tenants have been approved and are scheduled to move into the property within the next two weeks. If you purchase this property, you can deny their request for tenancy and use the property for your own pleasure, but you must buy it first! The owners are looking for a cash offer with the tenants moving into the property in two weeks but are open to a loan. I await your offer! Sellers do not want to tie up this property so the due diligence period will be 7 days and the earnest money will be 1 percent of the sales price.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity^SM thumbnail logo and detailed information about them includes the name of the listing brokers.

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.

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