See Home Value
Atlanta 30314 Dixie Hills
2231 Penelope Street NW
$261,349*
Multifamily - Off Market

2231 Penelope Street NW

Atlanta, GA 30314
bedrooms
Studio
bathrooms
0 Bath
$234,000 - $284,000
Reference Base Price*
0.63%
Since Jul 1, 2023
GA-Atlanta
Primary Model

About This Property

Charming ranch bungalow in the heart of it all! Picturesque home with backyard and surrounded by new construction and newly renovated homes! Buy now and immediately receive passive income. The area is appreciating rapidly. Walk to parks, Marta; just minutes to The Bellwood Quarry, The Proctor Creek Trail, Westside Reservoir Park. Property was updated under 2 years ago and brand new roof installed within the past year. This property an immediate win for a seasoned or newer investor/s alike as this tenant wishes to stay and has been renting for 4-5 years. Currently rented to "Housing Choice Voucher" recipients. Next door home is also for sale (2215 Penelope St.) Rare opportunity to own a strong cash flowing portfolio with appreciating assets. Gross Annual rent is $16,656 or $1388/month via Section 8 tenants/Atlanta Housing Authority, though could rent for more- Seller waiting on approval for rent increase to  $2225 and will provide all HAP contracts, leases, etc. as needed. ****DO NOT DISTURB TENANTS OR KNOCK ON DOOR/S. *** See pictures and video and slideshow links to follow. Showings will be conducted once terms are agreed to during Buyer's due diligence period. No Seller's Disclosure as Owner is Investor that never lived in the property. Don't snooze on this opportunity!
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$146
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Jun 12, 2023 No longer available -
No longer available
Apr 7, 2023 Listed $259,700
Listed

Property Highlights

Air Conditioning
Building Details
New Construction


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$249,700 Apr 7, 2023
-
$129/mo
House
2 Beds
1 Bath
884 ft²
$271/ft²
$240,000 Mar 16, 2023
-
$95/mo
House
3 Beds
1 Bath
976 ft²
$287/ft²
$279,900 Jan 26, 2023
-
-
House
2 Beds
2 Baths
1,007 ft²
$233/ft²
$234,900 Mar 31, 2023
-
-
House
4 Beds
2 Baths
1,060 ft²
$269/ft²
$285,000 Dec 29, 2022
-
$166/mo
House
2 Beds
1 Bath
800 ft²
$288/ft²
$230,000 Apr 20, 2023
-
-
House
4 Beds
2 Baths
-
$285,000 Apr 15, 2023
-
-
House
3 Beds
2 Baths
1,248 ft²
$240/ft²
$299,500 May 4, 2023
-
$156/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2231 Penelope Street Northwest 2231 Penelope Street Northwest, Atlanta, GA 30314
  • 1 Unit for Sale
More about this Building
2231 Penelope Street Northwest
Want to find out who owns 2231 Penelope Street Northwest, Atlanta, GA 30314? Get detailed property transactions here .

About Northwest Atlanta


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