2065 Morehouse Drive Northwest
$339,000
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Description
INVESTORS or Owner-Occupant Buyers! This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B...INVESTORS or Owner-Occupant Buyers! This fully renovated single-family home is set up like a duplex, offering GUARANTEED RENT with a total rental income of $2,730 and built-in equity of $25,000. The seller has a certified appraisal value of $350,000. Unit A is currently occupied by a Section 8 tenant generating $1,360 ($1,250 in monthly rent and a $110 appliance fee). Unit B (in-law suite) has been approved for $1,360 ($1,250 plus a $110 utility fee) through a state program. The tenant for Unit B is scheduled to move in on 01/01/2025, or a first-time homebuyer can choose to live in the in-law suite instead of accepting the government tenant. The property has two gas meters, and the seller's general contractor is in the process of installing a new HVAC system for Unit B. This is a great opportunity to achieve a 15% annual cap with a 30-year mortgage. Additionally, the seller is offering a 1-YEAR HOME WARRANTY.
- Listed by Gabriel Bettsack • Keller Williams Realty Atl North
Property Details for 2065 Morehouse Drive Northwest
Subdivision Complex
Dixie Hills
Num Of Parking Spaces2
Parking FeaturesDriveway, Level Driveway
Property AttachedNo
Waterfront FeaturesNone
LISTING UPDATED: 01/03/2025 12:50 PM
Property Details for 2065 Morehouse Drive Northwest
Status | Active |
---|---|
MLS # | 7491484 |
Days on Market | 41 |
Taxes | $3,676 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Other |
Year Built | 1938 |
Lot Size | 0.21 AC / 8,999 SF |
County | Fulton County |
Building Information for 2065 Morehouse Drive Northwest
Stories1Residences2Year Built1938Building Size-Lot Size0.21 AC / 8,999 SF
Property Information for 2065 Morehouse Drive Northwest
Property History for 2065 Morehouse Drive Northwest
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2065 Morehouse Drive Northwest
Taxable ValueLand$30,760Additions-Total$30,760
Home Facts
Beds3Baths2Total Finished SqFt1,004 SqFtAbove Grade Finished SqFt1,004 SqFtStories1Lot Size8,973 SqFtStyleSingle Family ResidenceYear Built1938Year Renovated2018ZoningR5CountyFULTONAPN14 017400070038
Schools near 2065 Morehouse Drive Northwest
This home is within Atlanta Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Charter - | K to 4 |
Rating | School | Distance |
---|---|---|
Woodson Park Academy PublicK to 8 | ||
Douglass High School Public9 to 12 | ||
KIPP Atlanta Collegiate Charter9 to 12 | ||
KIPP Strive Primary CharterK to 4 |
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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