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

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