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  • $489,000

    862 Mitchell St SW, Atlanta, GA 30314

    3beds
    3baths
    --sqft
    : 
    Triplex, Residential Income
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    New hvac
    Multi-family property with a triplex-style layout – $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft – 3 spacious units $140,000 in Renovations – New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month – Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month – New tenant moving in July Unit C: Finishing touches in progress – Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don’t Miss Out Opportunities like this don’t last in 30314!
    42 days
    on Zillow
    |
    251
    |
    21
    |

    Zillow last checked: 7 hours ago

    Listing updated: 10 hours ago

    Listing Provided by:

    GEORGE ANSONG,

    Maximum One Greater Atlanta Realtors

    Source: FMLS GA,MLS#: 7579097MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 862 Mitchell St SW.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Central, Zoned
    Cooling
    • Attic Fan, Ceiling Fan(s), Central Air
    Features
    • Flooring: Tile, Vinyl, Wood
    • Windows: None

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: No Dock
    • Fencing: Back Yard
    • Has view: Yes
    • View description: City
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 3,998.81 Square Feet
    • Features: Level
    Details
    • Parcel number: 14 010900010901

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Residential Income
    Materials
    • Brick, Frame
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: None
    • Security: None
    • Subdivision: Owens/F>d Thurmond
    HOA
    • Has HOA: No
    Location
    • Region: Atlanta

    Financial & listing details

    • Tax assessed value: $267,700
    • Annual tax amount: $4,384
    • Date on market: 5/14/2025
    • Electric utility on property: Yes
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