4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta.    Rent roll = $96,924 annually  Water = $2,400  HOI = $4,812  Property tax =  $16,933.17  Repairs = $13,450    Net operating income = $59,328.83  Cap rate 4.4%    In-unit washers and dryers in all.  Dishwashers in all but the studio.  Separately metered gas and electricity for all units.  Unit A and C3 are all electric.  Separate basement utility room.    Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950.  Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995.  Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737.  Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395.    HVAC split systems from 2012-2019.  4 water heaters, 3 from 2020 and 1 from 2012.  6 parking spots: 5 in the back and 1 in the front  Common foyer for bikes    Party fence owned by 693 Myrtle St  Chain link fence owned by Mary Mac's    Hardy board siding less than 10 years old  Roof and gutters less than 10 years old  Recently replaced decking    The property is a legally nonconforming quad, despite R-5 zoning.
Closed
$1,225,000
689 Myrtle St NE, Atlanta, GA 30308
7beds
6baths
--sqft
Quadruplex, Residential Income
Built in 1920
-- sqft lot
$1,280,400 Zestimate®
$--/sqft
$3,258 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 25, 2023 at 06:30am
Listing Provided by:
Carmen Small,
All County Cumberland Property Management
Bought with:
Amanda Rose, 243859
Berkshire Hathaway HomeServices Georgia Properties
Source: FMLS GA,MLS#: 7189826
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
 - Bathrooms: 6
 
Heating
- Central
 
Cooling
- Ceiling Fan(s), Central Air
 
Features
- Flooring: Hardwood
 - Windows: None
 
Property
Parking
- Parking features: Driveway, Parking Lot
 - Has uncovered spaces: Yes
 
Accessibility
- Accessibility features: None
 
Features
- Levels: Three Or More
 - Exterior features: No Dock
 - Fencing: None
 - Has view: Yes
 - View description: City
 - Waterfront features: None
 - Body of water: None
 
Lot
- Size: 6,451 sqft
 - Features: Sloped
 
Details
- Parcel number: 14 004900100366
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: Quadruplex, Residential Income
 
Materials
- Wood Siding
 - Roof: Shingle
 
Condition
- Updated/Remodeled
 - New construction: No
 - Year built: 1920
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 - Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone 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: Atlanta
 - Subdivision: Moon Roberts & Black
 
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Estimated market value
$1,280,400