2065 Morehouse Drive Atlanta GA 30314, MLS# 407560836
Atlanta, GA 30314
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1938Year Built
- 0.21Acres
- MLS# 407560836
- Multifamily
- Duplex
- Active
- Approx Time on Market1 month, 8 days
- AreaN/A
- CountyFulton - GA
- Subdivision Dixie Hills
Overview
Single family home set up like a duplex duplex !! Guaranteed CASH COW section 8 rental property. Investors & Landlords DONt worry about evictions anymore and dont miss out on STABLE incomes . This property is GUARANTEED government rental income , It has certified desktop appraisal at 350k. Section 8 tenants scheduled to move in on 10/28/24 . Unit A is a 1br/1ba - has an approved rent amount of $1,250.00 plus $100.00 service fee & unit B - Has an approved rent amount of $1,250 plus $100.00 service fee. This is GREAT opportunity for investors whos willing to put more skin in the game by putting down 25 percent down for a 30 year mortgage. This will give you a 10 percent ANNUALLY cap rate by LEVERAGING a 30 year mortgage. This will lower your interest rates and affordable monthly payments. Property has Two NEW gas meters !!Preferred closing date - buyer will close with activated section 8 contracts on or before 10/28/24Seller is providing a 2 year home warranty at closing !!!
Association Fees / Info
Hoa: No
Community Features: Other
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 2
Exterior Features
Fence: Back Yard, Vinyl, Wood
Pool Private: No
County: Fulton - GA
Acres: 0.21
Financial
Original Price: $335,000
Owner Financing: No
Cap Rate: 10
Gross Income: 33,181
Garage / Parking
Parking Features: Paved, See Remarks
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Public Records
Lot Features: Other
Lot Size: 58x72x42x68
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: HardiPlank Type, Wood Siding, Other
Year Built: 1,938
Property Condition: Updated/Remodeled
Roof: Asbestos Shingle
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 3676
Tax Year: 2,023
Tax Parcel Letter: 14-0174-0007-003-8
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Central, Separate Meters
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
USE GPSListing Provided courtesy of Maximum One Greater Atlanta Realtors
MLS# 410227237 
