This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking. Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while maintaining its classic architectural character. Interior improvements include refinished hardwood flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a welcoming front porch that enhances curb appeal. Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong rental demand and long-term appreciation potential within this rapidly improving corridor.
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 770-993-9200
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 1,158.41 per month $645.19 Principal & Interest $428.67 Property Tax $84.55 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
85 Meldon Avenue Se | MLS# 10707046
This single family home located at 85 Meldon Avenue Se, Atlanta, GA 30315 is currently listed for sale with an asking price of $289,900. This property was built in 1920 and has 3 bedrooms and 2 full baths with 1232 sq. ft. Meldon Avenue Se is located in the South Atlanta subdivision. Search South Atlanta real estate on www.clhomes.com today.