BEDS0
BATHS
MLS#10648133
STATUSUnder Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONVine City
NEIGHBORHOODAtlanta
Property Description
Investor Special in Prime Vine City - Cash Flow Day One Welcome to 893 Magnolia Street, a rare 5-unit multifamily opportunity in the heart of Vine City. Just steps from the AUC's HBCUs, MARTA, the BeltLine connector, Mercedes-Benz Stadium, and the massive wave of Westside redevelopment - this location is as future-proof as it gets. This property can be delivered fully leased and is producing strong income. Potential Income: * (4) units - 3BR/2BA at $2,400/month each * (1) unit - 2BR/2BA at $1,600/month Total monthly income: $11,200 Total annual income: $134,400 Whether you're building your portfolio, executing a 1031 exchange, or looking for a value-add play in a booming submarket, this one hits every metric: size, location, tenant demand, and cash flow from the jump. With the World Cup right around the corner, Now is the time to get into this area while you still can!
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Garage: 9
Heating: Central
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $15,562
Year Built: 1970
Feature Descriptions
Amenities: Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping
Days on Site: 114
Parking Notes: Parking Pad
Sewer: Public Sewer
Units: 5
Water: Public
Local Schools
High School: Booker T Washington
Middle School: Brown
Elementary School: Other
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Atl. Partners
Agency Phone: 770-632-1112
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: GAMLS
Estimate Your Payment
Estimated Payment
$ 3,688.20 per month $2,114.29 Principal & Interest $1,296.83 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
Crye-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.
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893 Magnolia Street Nw | MLS# 10648133
This multi-family property located at 893 Magnolia Street Nw, Atlanta, GA 30314 is currently listed for sale with an asking price of $950,000. Search Atlanta real estate on www.clhomes.com today.