2065 Morehouse DR NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 10479276
Year Built 1938
Annual Tax Amount $3,676
Tax Year 2023
Lot Size 9,016 Sqft
Property Sub-Type Multi Family
Property Description
Unlock the potential of this income-generating duplex-style property in one of Atlanta's fastest-growing neighborhoods. Fully renovated in 2023 with a new roof, updated plumbing, kitchens, and baths, this R5-zoned home features two long-term Section 8 tenants generating $2,600/month, covering holding costs while you complete the legal duplex conversion. Included are a certified $425K ARV appraisal and architectural drawings for conversion, with estimated costs of just $25K (electrical separation, new HVAC, cosmetic upgrades, and permits). Seller financing is available, subject to the existing hard money lender, with only $35K down and no origination points. With a projected $75,000+ profit post-conversion, this is a rare opportunity to secure a cash-flowing, high-margin investment in a prime Atlanta location. Contact us today to schedule a walkthrough or request full financials.
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Off Street,Parking Pad
Garage Spaces 2.0
Community Features Near Public Transport,Walk To Schools,Near Shopping
Utilities Available Underground Utilities
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Woodson
Middle Schools Other
High Schools Douglass
Others
Acceptable Financing Cash,Conventional,FHA,Private Financing Available,VA Loan
Listing Terms Cash,Conventional,FHA,Private Financing Available,VA Loan
Special Listing Condition Updated/Remodeled