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$5,600,000

Beds
Unknown
sq ft
Unknown

3669 Martin Luther King Jr Dr SW, Atlanta, GA 30331

3669 Martin Luther King Jr Dr SW

Atlanta, GA 30331

  • 11 days on market
Fully Renovated Multifamily Gem in the Heart of Atlanta! Welcome to 3669 Martin Luther King Drive, where modern living meets unmatched convenience. This fully renovated property showcases top-to-bottom upgrades, making it an investor’s dream or the perfect home for tenants seeking comfort and style. Property Highlights: Complete Renovation: New floorboards with updated insulation, brand-new electrical systems (rough & final), and modern plumbing with PVC piping replacing old cast iron. Modern Comfort: All-new mechanical systems with efficient ductwork, LVP waterproof flooring throughout, and fresh cabinets with sleek granite countertops. Energy Efficient: New water heaters, electrical fixtures, and water submeters for tenant billing efficiency. Enhanced Security: Automated access gate and 24/7 monitored security cameras provide peace of mind. Curb Appeal: New asphalt to be installed for a polished, welcoming exterior. Located just minutes from downtown Atlanta, with easy access to I-285, shopping centers, and public transportation, this property offers both convenience and charm. A rare opportunity to own a turnkey asset in a growing neighborhood! **Neighboring property at 3781 MLK is also for sale. Both properties may be purchased as a package or individually.

Details

Property type

Est. home value

$2,037,570

Lot size

1.78 acres

Price per sq ft

Unknown

Year built

1969

Annual property taxes

$68,968

HOA

No

Price History

02/12/2025
FMLS

FMLS #7523763

Listed
$5,600,000
+366.67%
12/16/2019
FMLS

FMLS #6119424

Sold
$1,200,000

Schools & Community

Neighborhood: 

Adamsville

Elementary school: 

West Manor

Middle school: 

Fulton - Other

High school: 

Frederick Douglass

Community features: 

Gated, Street Lights

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

$2,614,794
Asking price
$5,600,000
Closing costs (~8% of asking)
-$448,000
Est. remaining loan balance
-$2,537,206
Cash to seller
$2,614,794

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

Seller’s Loan History

Lender

Arbor Commercial Funding I

Loan start date

December 2023

Original loan amount

$2,892,000

Est. remaining balance

$2,537,206

Interest rate

7.5%

Loan type

New Conventional, 7 year

Seller

3669 Mlk 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: 02/23/2025 at 2:40 PM

Listing updated: 02/19/2025 at 10:45 AM

Listed by: Patty Brubaker, Cromwell Realty, LLC Phone #: (678) 489-1118

MLS: FMLS #7523763

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