tomo logo

$225,000

Beds
2
Baths
2.0
sq ft
Unknown

2829 3rd Ave SW, Atlanta, GA 30315

2829 3rd Ave SW

Atlanta, GA 30315

  • 32 days on market
Two Units for the Price of One! High-Income Investment Opportunity Welcome to 3rd Avenue, where versatility meets opportunity! This unique property offers two separate living spaces, each featuring 1 bedroom and 1 bathroom, making it perfect for rental income, multi-generational living, or a savvy house-hacking opportunity. With a combined rental income of $2,600 per month, this property easily surpasses the 1% rule—a rare find for investors! Location is everything, and this home delivers. Situated near daily essentials like Walmart, Piggly Wiggly, and Chick-fil-A, it also offers excellent access to public transportation, making it a highly desirable spot for tenants in Hammond Park. Hammond Park is a stones throw away from Hapeville. This area is packed with entertainment and culture, including two comedy clubs, a community theatre, an art gallery, and a local brewery. It’s also conveniently close to Hartsfield-Jackson Atlanta International Airport, making it an excellent option for frequent travelers or airport employees. Whether you're looking to maximize cash flow or enjoy the flexibility of dual living spaces, this property offers endless possibilities. Don't miss this incredible opportunity—schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$331,856

Lot size

9,570 sq ft

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$3,051

HOA

No

Price History

02/27/2025
FMLS

FMLS #7531516

Listed
$225,000
-55%
07/05/2024
FMLS

FMLS #7393606

Sold
$500,000
-4.76%
06/10/2024
FMLS

FMLS #7393606

Pending
$525,000

Schools & Community

Neighborhood: 

Hammond Park

Elementary school: 

Emma Hutchinson

Middle school: 

Crawford Long

High school: 

South Atlanta

Negotiation Insights

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

Seller could get up to

$65,913
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$141,087
Cash to seller
$65,913

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage

Loan start date

July 2022

Original loan amount

$147,028

Est. remaining balance

$141,087

Interest rate

5.09%

Loan type

FHA, 30 year

Seller

Dedrina L Steele

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: 04/01/2025 at 4:25 PM

Listing updated: 03/04/2025 at 9:20 AM

Listed by: Monarch Realty Partners, Real Broker, LLC. Phone #: (855) 450-0442

MLS: FMLS #7531516

FMLS logo

Recently listed in Atlanta

$1,275,000|4 bd|5.0 ba|House
$290,000|2 bd|2.5 ba|Townhouse
$759,900|5 bd|3.5 ba|House
$379,999|5 bd|3.0 ba|House
$590,000|3 bd|3.5 ba|Townhouse
$799,000|3 bd|2.0 ba|House
$300,000|3 bd|1.0 ba|House
$1,399,000|5 bd|4.5 ba|House
$439,000|3 bd|2.5 ba|House