tomo logo

$3,200,000

Beds
Unknown
sq ft
Unknown

678 Moreland Ave NE, Atlanta, GA 30306

678 Moreland Ave NE

Atlanta, GA 30306

  • 58 days on market
Rare Opportunity to own this stunning, newly gut renovated 1950’s vintage 10-unit apartment building in the flourishing neighborhood of Poncey-Highland. The current owner brought the building down to the brick shell and reframed the interior to include all new interiors, new wiring, plumbing, HVAC, etc. These new spacious units include beautiful contemporary finishes including white cabinetry, granite countertops, stainless appliances and more. All units have in-unit laundry, and some have eat-in kitchens and/or separate sunrooms with plenty of natural light. Situated on just shy of a half-acre site, the property feels like two separate lots with plenty of extra land that could be potentially developed with additional apartments. Zoned Poncey-Highland SA-4. Poncey-Highland is one of the most sought-after neighborhoods in Atlanta due to its location between Virginia Highland, Inman Park and Old Fourth Ward. Residents will enjoy being just two blocks away from all of the popular restaurants, bars and shops on North Highland Avenue in Virginia Highlands. Residents are also just steps from Little Five Points and can take Freedom Park to access Inman Park, the Eastside BeltLine Trail, Ponce City Market, and Old Fourth Ward Park. With such easy access to all of these intown areas, residents can truly enjoy the best of intown living. PROPERTY HIGHLIGHTS • Newly gut renovated 10-unit apartment building in the popular Poncey-Highland neighborhood • 10 spacious new units consisting of 1, 2 and 3 bedroom units • Includes extra land that could potentially be built on to create more units • New windows, doors, mechanicals, electric and plumbing • All units have in-unit laundry • Extra Storage area in basement • Walking distance to Freedom Park with easy access to Ponce City Market and the Atlanta Beltline • Steps from Little Five Points, Inman Park and Virginia Highlands • Zoned: Poncey-Highland SA-4 • $142,935 Average household income within 1 mile

Details

Property type

Est. home value

$3,215,520

Property condition

Updated/Remodeled

Lot size

0.45 acres

Price per sq ft

Unknown

Year built

1955

Annual property taxes

$35,233

HOA

No

Price History

10/25/2024
FMLS

FMLS #7476958

Listed
$3,200,000

Schools & Community

Neighborhood: 

Poncey-Highland

Elementary school: 

Springdale Park

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Sidewalks, Street Lights

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

Promiseone Bank

Loan start date

December 2020

Original loan amount

$1,560,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Commercial, 4 year

Seller

Rentlier Properties 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: 12/22/2024 at 12:35 PM

Listing updated: 11/25/2024 at 11:24 AM

Listed by: Andy Lundsberg, Bull Realty, Inc. Phone #: (404) 876-1640

MLS: FMLS #7476958

FMLS logo

Recently listed in Atlanta

$510,000|6 bd|4.5 ba|House
$280,000|3 bd|2.0 ba|House
$409,000|3 bd|2.5 ba|House
$430,000|6 bd|3.0 ba|House
$160,000|4 bd|2.0 ba|House
$485,000|3 bd|2.0 ba|House
$155,000|2 bd|1.0 ba|House