tomo logo

$1,250,000

Beds
Unknown
sq ft
Unknown

550 Joseph E Lowery Blvd NW, Atlanta, GA 30314

550 Joseph E Lowery Blvd NW

Atlanta, GA 30314

  • 323 days on market
    • Price drop $200,000↓
7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts. The 7th unit has been recently vacated. Each unit - 2bd, 1 bath. Central Air & Heat. Total electric. This Apartment Building sits in English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertaining districts being developed in the general area. This property has lots of potential to be a true revenue generator with a reasonable rehab investment.

Details

Property type

Lot size

0.40 acres

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$7,027

HOA

No

Price History

11/18/2024
FMLS

FMLS #7319469

Listed
$1,250,000
10/22/2024
FMLS

FMLS #7319469

Pending
$1,250,000
04/09/2024
FMLS

FMLS #7319469

Price change
$1,250,000
-13.79%

Schools & Community

Neighborhood: 

Bankhead

Elementary school: 

M. A. Jones

Middle school: 

Fulton - Other

High school: 

Booker T. 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

Silver Hill Financial Llc

Loan start date

December 2005

Original loan amount

$30,200

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Commercial, 30 year

Seller

Wayne A Hoyte

Lender

Silver Hill Fin'L Llc

Loan start date

December 2005

Original loan amount

$241,600

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Commercial, 30 year

Seller

Wayne A Hoyte

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: 11/19/2024 at 6:35 AM

Listing updated: 11/18/2024 at 12:45 PM

Listed by: Lawrence Leslie, Homesmart Realty Partners Phone #: (404) 419-1004

MLS: FMLS #7319469

FMLS logo

Recently listed in Atlanta

$825,000|3 bd|3.5 ba|Townhouse
$1,425,000|3 bd|2.5 ba|House
$500,000|4 bd|3.0 ba|House
$500,000|3 bd|3.0 ba|Condo
$950,000|6 bd|4.0 ba|House
$279,000|3 bd|2.0 ba|House
$1,150,000|3 bd|2.5 ba|House
$379,900|3 bd|3.5 ba|House
$339,999|4 bd|2.0 ba|House

Explore top cities in Georgia