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Map
$261,349*
●
Multifamily -
Off Market
2231 Penelope Street NW
Atlanta, GA 30314
Studio
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
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
-
-
Active
House
2
Beds
2
Baths
1,007 ft²
$233/ft²
$234,900
Mar 31, 2023
-
-
Active
House
4
Beds
2
Baths
1,060 ft²
$269/ft²
$285,000
Dec 29, 2022
-
$166/mo
In Contract
House
2
Beds
1
Bath
800 ft²
$288/ft²
$230,000
Apr 20, 2023
-
-
Active
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
About Northwest Atlanta
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