tomo logo

$260,000

Beds
2
Baths
2.0
sq ft
Unknown

2825 3rd Ave SW, Atlanta, GA 30315

2825 3rd Ave SW

Atlanta, GA 30315

  • 61 days on market
Turnkey Section 8 investment property generating $2,600 per month in consistent rental income! This well-maintained single-family home includes a main unit (1 bed/1 bath) and an in-law suite (1 bed/1 bath), each currently leased to Section 8 tenants and generating $1,300 per month. The landlord currently covers all utilities (approximately $273 per month), ensuring tenant satisfaction and reliable occupancy. Conveniently located near I-85, downtown Atlanta, and Hartsfield-Jackson International Airport, this property offers accessibility in a high-demand area. The in-law suite features a private entrance, providing flexibility and privacy for tenants. Plus, a one-year home warranty is included for added peace of mind. With stable, government-backed Section 8 rental payments, this property is a perfect addition to any savvy investor's portfolio. Tenants are already in place, allowing you to start collecting rental income immediately upon closing! Don’t miss this high-yield investment opportunity—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$230,060

Lot size

9,570 sq ft

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$1,939

HOA

No

Price History

11/22/2024
FMLS

FMLS #7489563

Listed
$260,000
-8.77%
09/17/2024
FMLS

FMLS #7406131

Removed
$285,000
07/17/2024
FMLS

FMLS #7406131

Price change
$285,000
-4.68%

Schools & Community

Neighborhood: 

Hammond Park

Elementary school: 

Emma Hutchinson

Middle school: 

Crawford Long

High school: 

South Atlanta

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

East West Bank

Loan start date

April 2021

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

2.81%

Loan type

Commercial, 30 year

Seller

511 Emily Pl 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?

Similar Homes Nearby

FMLS
$265,000
2 bd
|
1.5 ba
|
House

2082 Perkerson Rd SW, Atlanta, GA 30310

Price drop
FMLS
$276,900
2 bd
|
2 ba
|
1,000 sq ft
|
House

1114 Winburn Dr, Atlanta, GA 30344

Price drop
FMLS
$285,000
2 bd
|
2 ba
|
House

3116 Jackson St, Atlanta, GA 30354

Status: Active

Tomo last checked: 01/22/2025 at 7:05 PM

Listing updated: 01/21/2025 at 5:40 PM

Listed by: Gabriel Bettsack, Keller Williams Realty Atl North Phone #: (770) 509-0700

MLS: FMLS #7489563

FMLS logo

Recently listed in Atlanta