$176,000 - $214,000
●
House -
Off Market
397 Lincoln Street SW
Atlanta, GA 30315
3 Beds
1 Bath
1028 Sqft
About This Property
Great investment opportunity.
Remodeled and updated in 2018 and has been an income powerhouse. Currently leased with a long term Tennant at $1,300 a month with roughly five months remaining on lease with interest in renewing.
Roughly 750 sqft basement with separate exterior entrance, wired and plumbed. Was once an apartment. Owner was planning to finish it out and turn it into another unit.
Owner was also in the process of building an ADU in the large back yard for a third unit. Potential monthly revenue estimated to be around $2800 - 3200 with the added units.
Tankless water heater installed in 2022 with enough capacity to supply main home, basement apartment, and ADU.
Amazing buy and great investment.
No wholesalers and not up for assignment.
Please do not disturb tenants.
** Seller is a licensed real estate agent
The manager has listed the unit size as 1028 square feet.
Remodeled and updated in 2018 and has been an income powerhouse. Currently leased with a long term Tennant at $1,300 a month with roughly five months remaining on lease with interest in renewing.
Roughly 750 sqft basement with separate exterior entrance, wired and plumbed. Was once an apartment. Owner was planning to finish it out and turn it into another unit.
Owner was also in the process of building an ADU in the large back yard for a third unit. Potential monthly revenue estimated to be around $2800 - 3200 with the added units.
Tankless water heater installed in 2022 with enough capacity to supply main home, basement apartment, and ADU.
Amazing buy and great investment.
No wholesalers and not up for assignment.
Please do not disturb tenants.
** Seller is a licensed real estate agent
The manager has listed the unit size as 1028 square feet.
Unit Size
1,028Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$190
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1958
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 22, 2024 | No longer available | - | |
| No longer available | |||
| Oct 21, 2022 | Sold to Ralph D Rowland, Sanchez Ir... | $195,975 | |
| Sold to Ralph D Rowland, Sanchez Ir... | |||
| Sep 23, 2022 | In contract | - | |
| In contract | |||
| Aug 16, 2022 | Listed | $195,000 | |
| Listed | |||
Property Highlights
Fireplace
Air Conditioning
Interior Details
Fireplace Information
Fireplace
Basement Information
Basement
397 Lincoln Street SW
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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
3
Beds
1
Bath
1,188 ft²
$189/ft²
$225,000
Jan 8, 2023
-
$242/mo
In Contract
Townhouse
2
Beds
2
Baths
1,188 ft²
$181/ft²
$215,000
Dec 31, 2022
-
$1,740/mo
House
2
Beds
1
Bath
1,484 ft²
$118/ft²
$175,000
Feb 21, 2023
-
-
Condo
1
Bed
1
Bath
805 ft²
$197/ft²
$158,500
Mar 1, 2023
-
$2,681/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
08/16/2022
|
|
3 Bed
|
1 Bath
|
1028 ft²
|
$195,000
3 Bed
1 Bath
1028 ft²
|
-
-
|
-
|
Korte Riggs
EXP Realty LLC
|
Building Info
397 Lincoln Street Southwest
397 Lincoln Street Southwest, Atlanta, GA 30315
