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663 Magnolia Street NW

Atlanta, GA 30314
  • $295,000
  • STATUS: Active Under Contract
  • ON SITE: 39 Days
  • MLS #: 10422057
Under Contract
UPDATED: 107 min ago
$295,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1998
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!

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Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Keller Williams Realty. Data last updated: 2025-01-13T00:09:40.593.
www.teambonds.com/homes/158480287
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663 Magnolia Street NW Atlanta, GA 30314

  • Price: $295,000
  • Status: Active Under Contract
  • On Site: 39 Days
  • Updated: 107 min ago
  • MLS #: 10422057
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1998
Built
Neighborhood:
Vine City
County:
Fulton
Area:
ATLANTA
Elementary School:
Out Of Area
Middle School:
M R Hollis
High School:
Washington
Property Description
Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Aluminum SidingOtherVinyl Siding Foundation Details Slab Garage YN No Levels Two Lot Size Area 4356 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Off Street Parking Total 0

Interior Features

Above Grade Finished Area Units Square Feet Basement Full Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central AirCommon Cooling YN Yes Fireplace YN Yes Fireplaces Total 1 Heating Natural GasOther Heating YN Yes Laundry Features Other Living Area Units Square Feet

Property Features

Association Fee 0 Association Fee Includes None Association YN No Community Features Near Public TransportWalk To SchoolsNear Shopping District 14 Es Bus Yn No Gross Income 19832 Hs Bus Yn No Land Lot 110 Listing Terms CashConventionalPrivate Financing Available Ms Bus Yn No New Construction YN No Property Condition Resale Property Sub Type Multi Family Section 0 Sewer Public Sewer Special Listing Conditions As IsInvestor OwnedNo DisclosureRental Structure Type House Tax Annual Amount 4168 Tax Year 2024 Unit 0 Utilities Sewer Connected Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of BHHS Georgia Properties: 404-537-5200. © 2025 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Keller Williams Realty. Data last updated: 2025-01-13T00:09:40.593.
 
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