Hammond Park Homes with Unfinished Basement Type

Welcome to Hammond Park, a hidden gem nestled in the vibrant city of Atlanta, Georgia. This charming subdivision is located in Fulton County, offering a perfect blend of suburban tranquility and urban convenience. With tree-lined streets, well-maintained parks, and a welcoming community atmosphere, Hammond Park is an ideal place for families, professionals, and anyone seeking a peaceful retreat within the bustling city.

One of the standout features of homes in Hammond Park is the availability of properties with unfinished basements. These versatile spaces present a unique opportunity for homeowners to customize their living areas according to their personal style and needs. Imagine transforming an expansive unfinished basement into a cozy family room, a home gym, or even a creative studio. The possibilities are endless!

In addition to the potential of these basements, Hammond Park boasts a variety of architectural styles, ensuring that you will find a home that suits your taste. The community is known for its friendly neighbors and active lifestyle, with nearby parks and recreational facilities perfect for outdoor activities and family gatherings.

Conveniently located just a short drive from downtown Atlanta, residents can enjoy easy access to an array of dining, shopping, and entertainment options. Plus, with excellent schools and a strong sense of community, Hammond Park is not just a place to live; it’s a place to thrive.

Explore the charm of Hammond Park today, where your dream home with an unfinished basement awaits!

Newest Hammond Park Homes with Unfinished Basement Type

$325,000

10742219 MLS

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating $3,200 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B with a new qualified tenant which moved in on April 1at a rate of $1,350 per month. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller's contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta's key amenities, employment hubs, and growth corridors.

2794 7th Street SW, Atlanta

Listing courtesy of Coldwell Banker Realty.

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