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294 Penelope Drive NW

Atlanta, GA 30314
  • $3,000,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 10075867
UPDATED: 61 min ago
$3,000,000
  • 0
    BEDS
  • 1.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Solid 20-unit multifamily investment opportunity close to transportation and shopping. One block from West Lake Marta station, two blocks to I-20. All apartments are 2 bed 1 bath and there is ALWAYS an abundance of ready, willing, and able tenants. Current owners have replaced more than half of the HVAC systems and twelve of the homes have been updated in last 3 years. 4 sides brick is easy to maintain. Plenty of off-street parking. This gem is 6 min to the Westside Reservoir Park, 9 min to Mercedes-Benz Stadium, 6 min to Lee+White/Westside Beltline, 13 min to Hartsfield-Jackson Atlanta Aiport (or just 11 train stops). The possibilities are endless with this one - buy and hold in it's current state while the surrounding neighborhood continues to appreciate, do some light renovations to command higher rents, or complete an entire overhaul and really max out on your cashflows!

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Journey Home Team | Keller Williams Realty Atlanta Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Journey Home Team | Keller Williams Realty Atlanta Partners. Data last updated: 2022-08-15T23:05:02.35.
www.journeyhometeam.com/homes/131383303
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294 Penelope Drive NW Atlanta, GA 30314

  • Price: $3,000,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 61 min ago
  • MLS #: 10075867
0
Beds
0
Baths
0
½ Baths
1.13
Acres
1969
Built
Neighborhood:
Penelope Neighbors
County:
Fulton
Area:
ATLANTA
Elementary School:
Woodson
Middle School:
Harper Archer
High School:
Douglass
Property Description
Solid 20-unit multifamily investment opportunity close to transportation and shopping. One block from West Lake Marta station, two blocks to I-20. All apartments are 2 bed 1 bath and there is ALWAYS an abundance of ready, willing, and able tenants. Current owners have replaced more than half of the HVAC systems and twelve of the homes have been updated in last 3 years. 4 sides brick is easy to maintain. Plenty of off-street parking. This gem is 6 min to the Westside Reservoir Park, 9 min to Mercedes-Benz Stadium, 6 min to Lee+White/Westside Beltline, 13 min to Hartsfield-Jackson Atlanta Aiport (or just 11 train stops). The possibilities are endless with this one - buy and hold in it's current state while the surrounding neighborhood continues to appreciate, do some light renovations to command higher rents, or complete an entire overhaul and really max out on your cashflows!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Brick Foundation Details Block Garage YN No Levels Two Lot Size Area 1.13 Lot Size Source Public Records Lot Size Units Acres Open Parking YN Yes Parking Features Over 1 Space Per UnitParking Pad Parking Total 20

Interior Features

Above Grade Finished Area Units Square Feet Basement Crawl Space Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee 0 Association Fee Includes None Association YN No Community Features None Gross Income 0 Listing Terms 1031 ExchangeCashConventionalOther New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Structure Type Multi Family Tax Annual Amount 16586 Tax Year 2021 Utilities Electricity Individual MetersGas Individual MetersSewer Connected Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of Engel & Volkers Atlanta: 404-845-7724. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Journey Home Team | Keller Williams Realty Atlanta Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Journey Home Team | Keller Williams Realty Atlanta Partners. Data last updated: 2022-08-15T23:05:02.35.
 
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Tucker GA, 30084