311 University AVE SW Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30310
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status New
Purchase Type For Sale
Subdivision Tuskegee Heights
MLS Listing ID 10508716
Year Built 1948
Annual Tax Amount $4,785
Tax Year 2024
Lot Size 4,138 Sqft
Property Sub-Type Multi Family,Duplex
Property Description
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 good standing, 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.
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features None
Garage Spaces 4.0
Community Features Sidewalks,Street Lights
Utilities Available Other
View Y/N No
Building
Foundation Block,Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Block
New Construction No
Schools
Elementary Schools Gideons
Middle Schools Sylvan Hills
High Schools Carver
Others
Special Listing Condition Resale