Perfect Opportunity To Own This 4-Unit Building In Cobb County! Whether you're a dedicated investor seeking to expand your portfolio or a potential homeowner considering living in one unit while leasing the other three (or "house hack"), this opportunity suits a variety of aspirations.This quad was completely renovated in 2020 from top to bottom, including the Roof, HVAC, Plumbing, Electrical, Water Heaters, Windows, Flooring, Cabinets & Paint. All 4 units are 2 bed/1 bath and feature updated interiors and stainless steel appliances. Conveniently situated adjacent to Highway 78, providing efficient ingress to Interstates 20 and 285, while being within a 30-minute drive of prominent destinations including Truist Park, Vinings Jubilee, Buckhead, Midtown, and Downtown Atlanta. HOA varies from 400-500/month and covers and grounds care, water, sewer, and trash. The property is under professional management and well maintained. 1 unit currently leased at $1,350/month and expect full occupancy soon. Market rent 1,300-1,400. Starting the weekend after November 18, 2023, Fannie Mae will allow 5% down payments for owner-occupied 2-, 3-, and 4-unit homes, which is a major change from the previous requirement of 15-25% down payments for such properties. Contact Us For Any Additional Information or Bring Us An Offer!
Closed
$723,000
5883 Lone Oak Dr SW, Mableton, GA 30126
8beds
4baths
--sqft
Quadruplex, Residential Income
Built in 1984
-- sqft lot
$710,600 Zestimate®
$--/sqft
$1,326 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 31, 2024 at 08:16am
Listing Provided by:
Isaac Jordan,
Atlanta Communities
Bought with:
Kenneth Clarke, 169162
Neighborhood Assistance Corp.
Source: FMLS GA,MLS#: 7288045
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Features
- Windows: Insulated Windows
Property
Parking
- Total spaces: 8
- Parking features: Parking Lot, Paved
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 6,229 sqft
- Features: Level
Details
- Parcel number: 18007600980
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Brick 4 Sides
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: None
Location
- Region: Mableton
- Subdivision: White Oak
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
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Estimated market value
$710,600