Bought with Kiara Velasco • Rudhil Companies, LLC
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2855 Shallowford RD NE Atlanta, GA 30341
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Key Details
Sold Price $449,500
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Whispering Hills
MLS Listing ID 10196374
Sold Date 11/15/23
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $4,682
Tax Year 2022
Lot Size 0.400 Acres
Property Description
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 a family room and kitchen. Recent improvements include two new driveways(a $6K improvement), one to each unit, and major renovations to unit 2855 in 2023 that include new electrical, new windows, renovated kitchen with new cabinets, new sink, countertops, refrigerator, new lvp flooring, new stove, new hot water heater, 4 new AC window units, renovated bathroom, refinished hardwoods, and furnace replacement in 2021. A new hot water heater was installed in unit 2853 in 2023.The property just recently appraised for $520K and the appraisal is available upon request. 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. Tenants are on a month-to-month rental. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2881 Shallowford Rd, 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.
Location
State GA
County Dekalb
Rooms
Basement None
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Exterior
Garage Parking Pad
Garage Spaces 3.0
Community Features Sidewalks
Utilities Available Other
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Dresden
Middle Schools Sequoyah
High Schools Cross Keys
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition As Is, Investor Owned, No Disclosure
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