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Atlanta 30316 East Atlanta
616 Moreland Avenue SE
$507,550*
Multifamily - Off Market

616 Moreland Avenue SE

Atlanta, GA 30316
bedrooms
Studio
bathrooms
0 Bath
$441,000 - $539,000
Reference Base Price*
3.58%
Since Apr 1, 2023
GA-Atlanta
Primary Model

About This Property

FANTASTIC INVESTMENT OPPORTUNITY TO OWN A TURN-KEY INCOME-PRODUCING DUPLEX IN EAST ATLANTA VILLAGE.This brick charming traditional bungalow is perfectly located within walking distance to Brownwood Park, restaurants, food hall, and shops in East Atlanta Village. Relax in the charming front porch and take the sidewalk to all the fun that East Atlanta Village has to offer. This hot, in-town location is perfect. This is a fantastic opportunity for an investor looking for a turnkey rental property or a seasoned investor. Or buy this home to live on one side and rent the other!This duplex offers one 3 bedroom/2 full bath spacious unit with front and side entrance (unit A)  AND one 2 bed/1 bath with separate living room (Unit B). The interior and exterior of the house have been well maintained - this property is a gem!This amazing property features beautiful hardwood floors throughout, modern kitchen and cabinets and slate tiles, newer appliance, spacious rooms and access to a beautiful front porch. Newer roof and all systems are in good working condition. The plumbing and sewer line have been replaced in 2022. Also, a new vapor barrier was installed in the crawlspace. Baths have been updated and feature slate tiles and subway tiles.All units have private entrances and front porch access.Each unit has its own washer and dryer hook ups. Separate meters. Water is paid by the landlord.On top of all the other amazing features, this property has ample parking space. Parking can be accessed through back alley or the driveway on Moreland Ave. Parking for up to 5 cars.The additional benefit of having an alley located on the back of the property to avoid Moreland is tremendous (access the ally through Pendleton St).Both units are currently rented with good tenants. Lease Agreement will be transferred to the Buyer at Closing. Tenants will be in place at Closing. Seller will provide written Lease Agreements to the Buyer once under contract.The buyer is responsible to check all information provided and perform own due diligence. Property is sold as SOLD-AS-IS Sellers never lived in the property. Preferred Closing attorney to be The Fryer Law.Please be aware that all units are tenant occupied, please respect privacy-no walking property.See "Offer Instructions" under "Documents" on FLMS. Follow Offer Instruction and Special Stips. See ""Lease Rates and dates"" under "Docs" on FMLS.Proof of Funds and all Exhibits to be sent with the Offer.Must schedule Showings through ShowingTime (wait for confirmation). Showings only on the pre-set dates/time. Thursdays and Saturdays from 11am - 12pm.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$74
HOA Dues
-
Year Built
1948

Price History

Date / Event Date Event Price
Mar 25, 2023 No longer available -
No longer available
Mar 16, 2023 Relisted $490,000
Relisted
Feb 27, 2023 No longer available -
No longer available
Feb 21, 2023 Relisted $490,000
Relisted
Jan 23, 2023 No longer available -
No longer available
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
1,446 ft²
$273/ft²
$395,000 Sep 7, 2022
-
$41/mo
House
4 Beds
2 Baths
1,651 ft²
$303/ft²
$500,000 Mar 1, 2023
-
$121/mo
Condo
2 Beds
2.5 Baths
1,792 ft²
$295/ft²
$529,000 Feb 22, 2023
-
$890/mo
House
4 Beds
2 Baths
2,129 ft²
$235/ft²
$500,000 Mar 2, 2023
-
$82/mo
House
3 Beds
2.5 Baths
2,000 ft²
$263/ft²
$525,000 Mar 1, 2023
-
$471/mo
House
3 Beds
2 Baths
1,266 ft²
$426/ft²
$539,000 Mar 2, 2023
-
$470/mo
House
3 Beds
3.5 Baths
2,100 ft²
$247/ft²
$517,900 Nov 1, 2021
-
$105/mo
House
3 Beds
2 Baths
1,325 ft²
$434/ft²
$575,000 Mar 20, 2023
-
$69/mo
House
3 Beds
2 Baths
2,049 ft²
$207/ft²
$425,000 Feb 28, 2023
-
$86/mo
House
3 Beds
2 Baths
1,250 ft²
$320/ft²
$400,000 Feb 1, 2023
-
$229/mo
House
3 Beds
3.5 Baths
1,650 ft²
$264/ft²
$434,900 Sep 16, 2021
-
$105/mo
Condo
2 Beds
2 Baths
2,000 ft²
$263/ft²
$525,000 Mar 3, 2023
-
$412/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220923
09/23/2022
Studio
-
-
$490,000
bedrooms
Studio
bathrooms
-
-
-
-
Naruna Rangel
Keller Williams Realty Metro Atl

Building Info

616 Moreland Avenue Southeast 616 Moreland Avenue Southeast, Atlanta, GA 30316
More about this Building
616 Moreland Avenue Southeast
Want to find out who owns 616 Moreland Avenue Southeast, Atlanta, GA 30316? Get detailed property transactions here .

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