2231 Penelope Street NW, Atlanta, Fulton County, GA, 30314 Atlanta GA US
Property Details
2
2
Dixie Hills
MultiFamily
Description
Charming ranch bungalow in the heart of it all! Picturesque home with backyard and surrounded by new construction and newly renovated homes! Buy now and immediately receive passive income. The area is appreciating rapidly. Walk to parks, Marta; just minutes to The Bellwood Quarry, The Proctor Creek Trail, Westside Reservoir Park. Property was updated under 2 years ago and brand new roof installed within the past year. This property an immediate win for a seasoned or newer investor/s alike as tenants want to stay and have been living there around 10 years each. Currently rented to "Housing Choice Voucher" recipients. Next door home is also for sale (2215 Penelope St.) Rare opportunity to own a strong cash flowing portfolio with appreciating assets. Gross Annual rent is $16,656 or $1388/month via Section 8 tenants/Atlanta Housing Authority, though could rent for more- Seller waiting on approval for rent increase to $2225 and will provide all HAP contracts, leases, etc. as needed. ****DO NOT DISTURB TENANTS OR KNOCK ON DOOR/S. *** See pictures and video and slideshow links to follow. Showings will be conducted once terms are agreed to during Buyer's due diligence period. No Seller’s Disclosure as Owner is Investor that never lived in the property. Don't snooze on this opportunity! Find out more about this property. Request details here
Location
Address
2231 Penelope Street Northwest, Atlanta, Georgia 30314, United States
City
Atlanta
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