2065 Morehouse Drive, Atlanta, GA 30314

$289,900

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List Price
$289,900
MLS#
10789752
Type
Multifamily
City
Atlanta
County
Fulton
Subdivision
Dixie Hills
Year Built
1938

Property Description

Turnkey Section 8 duplex generating $2,800+ per month in guaranteed, government-backed rental income. Property features a new HVAC condenser providing ice cold central air to the property. Don't miss this cash-flowing opportunity with immediate built-in equity. This fully renovated property offers immediate, stable returns and a low-risk investment profile in a high-demand Atlanta rental market. Currently producing approximately $2,850 per month, Unit B is leased at $1,600 per month, with $1,375 paid directly by a Georgia housing program and $250 contributed by the tenant, while the larger Unit A can be delivered vacant at closing-ideal for an owner-occupant or FHA buyer seeking to offset their mortgage with rental income. The property has been fully renovated with no major repairs needed, providing a true turnkey experience. With a recent as-is appraisal of $348,000, this asset presents approximately $48,000 in built-in equity along with immediate income and future upside potential. A rare opportunity for both investors and house hackers to secure a low-maintenance, income-producing property with strong financial positioning from day one. **Also the option to live in one unit and rent out the other**

Additional Information

Elementary School
Woodson
High School
Douglass
Parking
Parking Pad
Basement Type
None
Stories
1 Story
Fees Include
None
Tax Year
2024

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty.

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