768 Grant Terrace Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Summerhill
MLS Listing ID 7553146
Year Built 1991
Annual Tax Amount $4,259
Tax Year 2023
Lot Size 5,227 Sqft
Property Sub-Type Other
Property Description
Not only does this rental property cash-flow at the asking price, it is located in a well established "A" neighborhood AND there are multiple ways to SIGNIFICANTLY increase your returns on this investment. Currently stabilized with a long-term AHA tenant in place at $2310/month & has the potential for higher rents should certain upgrades be installed. A large, level lot zoned R-5 would allow you to build an ADU and DOUBLE the monthly gross income OR you could scrape the lot and build a large, brand new single family home or duplex and easily sell for upwards of $800,000 +. Summerhill is an incredibly popular, hip neighborhood with high-level amenities within walking distance along Georgia Ave. Walkable to the Beltline, Grant Park, The Beacon, GSU and so much more! Instant access to 75/85 & I-20. Minutes from downtown, 20 minutes to the airport, 20 minutes to Buckhead, 20 minutes to Decatur Square. Close to all of Atlanta's hottest neighborhoods! This is a PRIME piece of Real Estate with multiple ways to maximize returns!
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Driveway
Fence None
Community Features Near Beltline,Near Public Transport,Near Schools,Near Shopping,Near Trails/Greenway
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View City
Roof Type Composition
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Schools
Elementary Schools Parkside
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Special Listing Condition None