tomo logo

$335,000

Beds
Unknown
sq ft
Unknown

2065 Morehouse Dr NW, Atlanta, GA 30314

2065 Morehouse Dr NW

Atlanta, GA 30314

  • 28 days on market
Single family home set up like a duplex duplex !! Guaranteed CASH COW section 8 rental property. Investors & Landlords DON’t worry about evictions anymore and don’t miss out on STABLE incomes . This property is GUARANTEED government rental income , It has certified desktop appraisal at 350k. Section 8 tenants scheduled to move in on 10/28/24 . Unit A is a 1br/1ba - has an approved rent amount of $1,250.00 plus $100.00 service fee & unit B - Has an approved rent amount of $1,250 plus $100.00 service fee. This is GREAT opportunity for investors who’s willing to put more skin in the game by putting down 25 percent down for a 30 year mortgage. This will give you a 10 percent ANNUALLY cap rate by LEVERAGING a 30 year mortgage. This will lower your interest rates and affordable monthly payments. Property has Two NEW gas meters !! Preferred closing date - buyer will close with activated section 8 contracts on or before 10/28/24 Seller is providing a 2 year home warranty at closing !!!

Details

Property type

Duplex

Est. home value

$217,207

Property condition

Updated/Remodeled

Lot size

8,999 sq ft

Price per sq ft

Unknown

Year built

1938

Annual property taxes

$3,676

HOA

No

Price History

10/05/2024
FMLS

FMLS #7467306

Listed
$335,000
+8.06%
10/04/2024
FMLS

FMLS #7392739

Removed
$310,000
08/01/2024
FMLS

FMLS #7392739

Price change
$310,000
-3.13%

Schools & Community

Neighborhood: 

Dixie Hills

Elementary school: 

Woodson Park Academy

Middle school: 

Fulton - Other

High school: 

Frederick Douglass

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

Sentinel Security Life Insurance

Loan start date

April 2023

Original loan amount

$180,000

Est. remaining balance

Not provided

Interest rate

6.73%

Loan type

Commercial, 1 year

Seller

Real Estate Creative 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?

Status: Active

Tomo last checked: 11/03/2024 at 7:55 AM

Listing updated: 11/03/2024 at 3:25 AM

Listed by: George Ansong, Maximum One Greater Atlanta Realtors Phone #: (770) 919-8825

MLS: FMLS #7467306

FMLS logo