1258 Lyle Avenue
Description
Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program. Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the...Unlock the potential of this 3-bedroom, 2-bathroom single-family home located in the heart of East Point. Currently rented at $1,600 per month, with $1,587 contributed by a dependable rental assistance program, this property offers a solid return on investment from day one. Property Highlights:
Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program. Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the end of January 2025. She is open to staying if you prefer to maintain immediate rental income, or the property can be delivered vacant for your own plans. Value-Add Potential: Originally purchased through foreclosure, presenting an opportunity for renovations to increase property value and maximize returns. Strategic Location: Situated close to schools, shopping centers, and public transportation, enhancing its appeal to renters and future buyers alike. Investment Options:
Maintain as Rental: Keep the existing tenant for uninterrupted income. Vacant Possession: Property can be vacated by the end of January 2025, or sooner if under contract before December. Renovate and Flip: Capitalize on the property's potential by undertaking renovations for a profitable resale. Seller's Note:
We are seeking offers close to our asking price of $220,000. If a favorable sales price isn't secured, we plan to renovate and flip the property ourselves—highlighting the significant upside potential for investors looking to maximize returns. Don't miss out on this versatile investment opportunity with multiple exit strategies. Contact us today to learn more and schedule a viewing.
- Listed by Janelle Weithers • Jweithersrealty, LLC
Property Details for 1258 Lyle Avenue
Property Details for 1258 Lyle Avenue
| Status | Active |
|---|---|
| MLS # | 7493108 |
| Days on Market | 1 |
| Taxes | $2,706 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1946 |
| Lot Size | 0.20 AC / 8,664 SF |
| County | Fulton County |
Building Information for 1258 Lyle Avenue
Property Information for 1258 Lyle Avenue
- Community Features: None
- Directions: none
- Lake Name: None
- View: Other
- Coordinates: -84.430031, 33.676468
- Tax Year: 2024
- Master Association Fee: $.00
- HOA Rent Restrictions: No
- Association: No
- Tax Legal Description: none
- Elementary School: Parklane
- High School: Tri-Cities
- Middle School: Paul D. West
- Virtual Tour Link PP: https://www.propertypanorama.com/1258-Lyle-Avenue-Atlanta-GA-30344/unbranded
- Open Parking: Yes
- Cooling: Other
- Heating: Other
- Appliances: Other
- Basement: None
- Fireplace Features: None
- # of Fireplaces: 0
- Flooring: Other
- Interior Features: Other
- Levels/Stories: One
- Other Equipment: None
- Window Features: None
- Bedroom Features: None
- Diningroom Features: None
- Kitchen Features: None
- Master Bathroom Features: None
- Foundation: None
- Main Bedrooms: 4
- Total Half Baths: 0
- Bathrooms Total Interger: 1
- Main Full Baths: 1
- Additional Rooms: Other
- Bathrooms Total Decimal: 1.00
- Accessibility Features: None
- Construction Materials: Other
- Fencing: None
- Horse Amenities: None
- Patio And Porch Features: None
- Pool Features: None
- Road Surface Type: Paved
- Roof Type: Other
- Security Features: None
- Spa Features: None
- Laundry Features: None
- Pool Private: No
- Road Frontage Type: City Street
- Other Structures: None
- Sewer: Public Sewer
- Utilities: Cable Available,Electricity Available
- Water Source: Public
- Electric: None
- Home Warranty: No
- Property Condition: Resale
- Green Energy Efficient: None
- Green Energy Generation: None
- SqFt Source: Public Records
- Square Footage: 1098.0
- Common Walls: No Common Walls
- Lot Features: Back Yard
- Acreage Source: Public Records
- Land Lease: No
- Occupant Types: Tenant
Property History for 1258 Lyle Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1258 Lyle Avenue
Schools near 1258 Lyle Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 5 to 8 |
Rating | School | Distance |
|---|---|---|
Parklane Elementary School PublicPK to 5 | ||
Paul D. West Middle School Public6 to 8 | ||
Tri-Cities High School Public9 to 12 | ||
Kipp South Fulton Academy School Charter5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Jweithersrealty, LLC, Janelle Weithers
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
