Under contract
Active Under Contract
663 Magnolia Street NW
Atlanta GA, 30314
$295,000
Under contract
Active Under Contract
Other
Built in 1998
Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
7493893
MLSⓇ ID
December 4, 2024
Listed
December 6, 2024
Updated
Map
663 Magnolia Street NW
Atlanta GA, 30314
Interior Features
Total Stories
2
Floor Description
Laminate, Vinyl, Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Level, Other
Roof
Composition, Shingle
Sewer
Public Sewer
School Information
High School
Booker T. Washington
Elementary School
M.R. Hollis Innovation Academy
Other Property Details
Taxes
$4,168
Tax Frequency
Annually
Days on Market
2
Garage
No
Parking
Parking Lot
Parking Total
0
View
Yes
View Description
Other
County
Fulton - GA
Water Source
Public
Pool
No
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
12/6/2024 | Under contract | — |
Listed by Hillary Dukes with Berkshire Hathaway HomeServices Georgia Properties 404-537-5200
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Data last updated 8:39 PM UTC, 12/6/2024