Amazing opportunity for the savvy investor! Located in highly desirable Chamblee area near I85 and within walking distance to Dresden Elementary school, makes this a highly desirable four sided brick rental. Each unit has 2 bedrooms and 1 bathroom with a family room and kitchen. Recent improvements include two new driveways(a $6K improvement), one to each unit, and major renovations to unit 2855 in 2023 that include new electrical, new windows, renovated kitchen with new cabinets, new sink, countertops, refrigerator, new lvp flooring, new stove, new hot water heater, 4 new AC window units, renovated bathroom, refinished hardwoods, and furnace replacement in 2021. A new hot water heater was installed in unit 2853 in 2023.The property just recently appraised for $520K and the appraisal is available upon request. The current rental rates are below market value, current rental rates are typically $1,400-$1,600. Investors can buy now and raise rates as-is or renovate and raise to even higher rates and refinance. Tenants are on a month-to-month rental. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2881 Shallowford Rd, and seller would prefer to sell both duplexes at the same time. Tenants currently occupy the property, please do not walk the property or disturb the tenants.
Closed
$449,900
2855 Shallowford Rd NE, Atlanta, GA 30341
4beds
2baths
--sqft
Duplex, Residential Income
Built in 1961
-- sqft lot
$490,000 Zestimate®
$--/sqft
$2,134 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 16, 2023 at 08:43am
Listing Provided by:
JOHN NOVAY,
Ansley Real Estate | Christie's International Real Estate 770-310-9697
Bought with:
Kiara Velasco, 403075
Rudhil Companies, LLC
Source: FMLS GA,MLS#: 7266303
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
 - Bathrooms: 2
 
Heating
- Forced Air, Natural Gas
 
Cooling
- Window Unit(s)
 
Features
- Flooring: Laminate
 - Windows: None
 
Property
Parking
- Total spaces: 3
 - Parking features: Driveway, Paved
 - Has uncovered spaces: Yes
 
Accessibility
- Accessibility features: None
 
Features
- Levels: One
 - Stories: 1
 - Fencing: None
 - Has view: Yes
 - View description: Other
 - Waterfront features: None
 - Body of water: None
 
Lot
- Size: 0.40 Acres
 - Dimensions: 190 x 85
 - Features: Other
 
Details
- Parcel number: 18 268 10 037
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: Duplex, Residential Income
 
Materials
- Brick 4 Sides
 - Roof: Composition,Shingle
 
Condition
- Resale
 - New construction: No
 - Year built: 1961
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 - Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
 
Green energy
- Energy efficient items: None
 - Energy generation: None
 
Community & neighborhood
Security
- Security features: None
 
Community
- Community features: Public Transportation, Sidewalks
 
Location
- Region: Atlanta
 - Subdivision: Whispering Hills
 
Other
Other facts
- Listing terms: Cash,Conventional
 
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Estimated market value
$490,000