$507,550*
●
Multifamily -
Off Market
616 Moreland Avenue SE
Atlanta, GA 30316
Studio
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 |
Show More
Property Highlights
Air Conditioning
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
In Contract
Commercial
Loft
-
1,446 ft²
$273/ft²
$395,000
Sep 7, 2022
-
$41/mo
In Contract
House
4
Beds
2
Baths
1,651 ft²
$303/ft²
$500,000
Mar 1, 2023
-
$121/mo
In Contract
Condo
2
Beds
2.5
Baths
1,792 ft²
$295/ft²
$529,000
Feb 22, 2023
-
$890/mo
In Contract
House
4
Beds
2
Baths
2,129 ft²
$235/ft²
$500,000
Mar 2, 2023
-
$82/mo
In Contract
House
3
Beds
2.5
Baths
2,000 ft²
$263/ft²
$525,000
Mar 1, 2023
-
$471/mo
Active
House
3
Beds
2
Baths
1,266 ft²
$426/ft²
$539,000
Mar 2, 2023
-
$470/mo
In Contract
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
In Contract
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
In Contract
House
3
Beds
3.5
Baths
1,650 ft²
$264/ft²
$434,900
Sep 16, 2021
-
$105/mo
In Contract
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 |
---|---|---|---|---|---|---|---|---|
09/23/2022
|
|
Studio
|
-
|
-
|
$490,000
Studio
-
|
-
-
|
-
|
Naruna Rangel
Keller Williams Realty Metro Atl
|
Building Info
616 Moreland Avenue Southeast
616 Moreland Avenue Southeast, Atlanta, GA 30316
About Eastside
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