tomo logo

$390,000

Beds
5
Baths
2.0
sq ft
1,518

1030 Westmoor Dr NW, Atlanta, GA 30314

1030 Westmoor Dr NW

Atlanta, GA 30314

  • 57 days on market
Exceptional Investment Opportunity: Fully Renovated Home in Atlanta, GA Introducing a remarkable opportunity to own a turn-key rental property at 1030 Westmoor Drive NW, Atlanta, GA 30314. This beautifully renovated home boasts 5 bedrooms, 2 bathrooms, and a seamless blend of comfort and convenience, making it an ideal investment in one of Atlanta's most desirable areas. Property Highlights: Fully Renovated: Enjoy the peace of mind that comes with a completely updated home, featuring modern finishes and fixtures throughout. Spacious Living: With 5 bedrooms and 2 bathrooms, this home offers ample space for comfortable living or lucrative rental opportunities. Current Rental Income: The property is currently leased through the Atlanta Housing Authority for $2,300 per month, with a renewal in process and a requested increase to $2,909, reflecting current market comparisons. Strong Investment Potential: Appraised at $390,000 in March 2023, this property is positioned for significant value appreciation, driven by Atlanta's robust market growth and appeal to out-of-state movers. Tenant Occupied: The home is currently tenant-occupied, ensuring immediate cash flow. We kindly ask for respect towards the tenant's privacy and comfort. Location Advantages: Proximity to Parks: Enjoy easy access to the city's green spaces, offering recreational activities and serene environments for relaxation. Event Facilities: Located near the iconic Mercedes Benz Stadium, this property offers unparalleled access to world-class entertainment, sports events, and concerts. Cultural and Entertainment Hubs: Close to a variety of dining, shopping, and cultural venues, ensuring tenants have plenty to explore and enjoy. Strategic Location: Benefit from Atlanta's continuous growth and the influx of residents from other states, enhancing the property's rental demand and value appreciation potential. We request that all visits be arranged in advance to ensure the comfort and privacy of our current tenant. Don't miss out on this incredible opportunity to invest in Atlanta's thriving real estate market. Whether you're looking to expand your rental portfolio or seeking a property with strong appreciation potential, 1030 Westmoor Drive NW offers the perfect blend of current income and future growth. Check out theSollyGroup.com for more investment properties.

Details

Property type

Single Family Residence

Est. home value

$265,346

Property condition

Updated/Remodeled

Lot size

6,142 sq ft

Price per sq ft

$257

Year built

1940

Annual property taxes

$5,374.42

Price History

09/12/2024
GeorgiaMLS

GeorgiaMLS #10340759

Listed
$390,000
09/12/2024
GeorgiaMLS

GeorgiaMLS #10340759

Removed
$390,000
09/09/2024
GeorgiaMLS

GeorgiaMLS #10340759

Price change
$390,000
+4%

Schools & Community

Neighborhood: 

Washington Park

Elementary school: 

Jones

Middle school: 

Herman J. Russell

High school: 

Washington

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Abl Rpc Residential Credit Acquisition

Loan start date

May 2023

Original loan amount

$273,000

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Commercial, 30 year

Seller

Tesoro Properties Llc

Lender

Bpl Debt Fund I

Loan start date

September 2022

Original loan amount

$259,284

Est. remaining balance

Not provided

Interest rate

5.54%

Loan type

Commercial, 1 year

Seller

Tesoro Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/13/2024 at 1:55 PM

Listing updated: 09/13/2024 at 3:04 AM

Listed by: Daniel Solly, Realty Hub of Georgia, LLC

MLS: GeorgiaMLS #10340759

GeorgiaMLS logo

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