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 new driveways completed in 2023(a $6K improvement) and has a family room and kitchen. Recent improvements include painting. 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. Long term Tenants in unit 2881 are on month-to-month lease and unit 2879 has long term tenants of 10 years and are on a month-to-month lease. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2853 Shallowford Rd, which just recently appraised for $520K (appraisal available upon request), 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
2881 Shallowford Rd NE, Atlanta, GA 30341
4beds
2baths
--sqft
Duplex, Residential Income
Built in 1960
-- sqft lot
$462,500 Zestimate®
$--/sqft
$2,134 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 16, 2023 at 08:38am
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#: 7266310
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Hardwood, Vinyl
- 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: 191 x 85
- Features: Other
Details
- Parcel number: 18 268 10 041
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: 1960
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: Near Schools, Public Transportation, Sidewalks
Location
- Region: Atlanta
- Subdivision: Whispering Hills
Other
Other facts
- Listing terms: Cash,Conventional
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Estimated market value
$462,500