673 Thurmond Street Atlanta GA 30314, MLS# 392259222
Atlanta, GA 30314
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1950Year Built
- 0.21Acres
- MLS# 392259222
- Commercial
- Condominium
- Active
- Approx Time on Market4 months, 3 days
- AreaN/A
- CountyFulton - GA
- Subdivision N/A
Overview
**Two Properties Included in Sale** 667 Thurmond Street NW & 673 Thurmond Street NWl. Cross-listed with FMLS #7415170. PRIME Investment Opportunity in Historic Vine City. 667 Thurmond Street NW & 673 Thurmond Street NW are side-by-side duplexes with skyline views of Downtown Atlanta, steps from Mercedes-Benz Stadium, nearby HBCUs and Vine City MARTA. The side-by-side duplexes feature two 1BR/1BA units in each building. Listed $100,000 UNDER appraised value! 11% cap rate. Approved Section 8 guarantees long-term rental income at $1000 each unit and potential to go to $1150 each. A stone's throw from the new $60+ million Rodney Cook, Sr. Park. Close to Castleberry Hills, Centennial Park, Georgia Aquarium, Georgia Tech, Georgia Dome, State Farm Arena and more. This property offers a range of possibilities to capitalize on the growing demand for housing in Atlanta. Keep as current Section 8 Approved rental property or demolish both duplexes to build a 4 story building. Already up zoned for future development. This opportunity is brimming with potential. Entire block going commercial. Property around the corner listed for $11 million. Don't miss out on the opportunity to capitalize on the area's growth and redevelopment projects in one of Atlanta's most dynamic and evolving neighborhoods.
Association Fees / Info
Hoa: No
Bathroom Info
Building Info
Habitable Residence: Yes
Business Info
Equipment: None
Number of Buildings: 2
Exterior Features
Fence: Chain Link
Road Surface Type: Paved
Pool Private: No
County: Fulton - GA
Acres: 0.21
Fees / Restrictions
Listing Terms: 1031 Exchange,Cash,Conventional,Other
Financial
Original Price: $450,000
Owner Financing: Yes
Owner Pays: Exterior Maintenance,Sewer,Trash Collection,Other
Documents Available: Aer Photo, Legal Desc
Cap Rate: 11
Gross Income: 51,600
Garage / Parking
Parking Features: On Street
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Carbon Monoxide Detector(s)
Levels: One
Interior Features: Living Space Available, Restrooms, Other
Flooring: Hardwood
Lot Info
Lot Size Source: Owner
Zoning: R5
Lot Features: Level, Other
Lot Size: x
Misc
Property Attached: No
Home Warranty: Yes
Other
Other Structures: None
Property Info
Construction Materials: Brick 4 Sides
Year Built: 1,950
Property Condition: Resale
Roof: Other
Property Type: Commercial Sale
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Investor Owned
Sqft Info
Building Area Total: 2340
Tax Info
Tax Amount Annual: 1644
Tax Year: 2,023
Tax Parcel Letter: 14-0110-0003-096-3
Unit Info
Utilities / Hvac
Cool System: Central Air
Electric: Other
Heating: Central
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront / Water
Water Body Name: None
Waterfront Features: None
Directions
GPS Friendly.Listing Provided courtesy of Keller Williams Buckhead
Listings identified with the FMLS IDX logo come from
FMLS and are held by brokerage firms other than the owner of this website. The
listing brokerage is identified in any listing details. Information is deemed reliable
but is not guaranteed. If you believe any FMLS listing contains material that
infringes your copyrighted work please