$500,000
$450,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
9,104 Sqft Lot
SOLD DATE : 08/30/2024
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Vine City
MLS Listing ID 7415170
Sold Date 08/30/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1950
Annual Tax Amount $1,644
Tax Year 2023
Lot Size 9,104 Sqft
Acres 0.209
Property Description
**Two Properties Included in Sale** 667 Thurmond Street NW & 673 Thurmond Street NWl. Cross-listed with FMLS #7415170. PRIME Investment Opportunity in Historic Vine City. 667 Thurmond Street NW & 673 Thurmond Street NW are side-by-side duplexes with skyline views of Downtown Atlanta, steps from Mercedes-Benz Stadium, nearby HBCUs and Vine City MARTA. The side-by-side duplexes feature two 1BR/1BA units in each building. Listed $100,000 UNDER appraised value! 11% cap rate. Approved Section 8 guarantees long-term rental income at $1000 each unit and potential to go to $1150 each. A stone's throw from the new $60+ million Rodney Cook, Sr. Park. Close to Castleberry Hills, Centennial Park, Georgia Aquarium, Georgia Tech, Georgia Dome, State Farm Arena and more. This property offers a range of possibilities to capitalize on the growing demand for housing in Atlanta. Keep as current Section 8 Approved rental property or demolish both duplexes to build a 4 story building. Already up zoned for future development. This opportunity is brimming with potential. Entire block going commercial. Property around the corner listed for $11 million. Don't miss out on the opportunity to capitalize on the area's growth and redevelopment projects in one of Atlanta's most dynamic and evolving neighborhoods.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Hardwood
Window Features Shutters,Wood Frames
Exterior
Parking Features See Remarks
Fence Back Yard, Chain Link
Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Playground, Pool, Public Transportation, Restaurant, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City, Trees/Woods
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 4
Private Pool false
Building
Lot Description Level, Wooded, Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools M.R. Hollis Innovation Academy
Middle Schools Herman J. Russell West End Academy
High Schools Booker T. Washington
Others
Senior Community no
Tax ID 14 011000030955
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Non FMLS Member
Making real estate simple, fun and stress-free!