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1685 Richmond Avenue Se, Atlanta

$449,900

0 Beds
0 Baths
0 Sqft
.21 Acres
0 Garages

Showing is scheduled for Saturday April 6th, 12pm-4pm. Don't miss out on this exceptional opportunity for savvy investors! Nestled in the heart of Atlanta, this QUADRAPLEX offers a rare chance to own a piece of history at an irresistible price. Situated in an up-and-coming neighborhood, this historical stylish building is surrounded by new developments and revitalization efforts.

All four units are currently occupied by reliable, long-term tenants, offering a steady stream of income. Despite the prime location, rents are currently well below market value, presenting an ample opportunity for increased profitability.

Three out of the four apartments have been recently renovated within the last two years, showcasing modern upgrades and ensuring tenant satisfaction. Additionally, the building has been well maintained, providing peace of mind to prospective investors.

Financing options are available, subject to the existing loan with a balance of $268,000 and an interest rate of 5.750%.

Due to the privacy of the tenants, please refrain from disturbing the tenants. Disclosure, listing agent is the owner.

Take advantage of this unique opportunity to invest in Atlanta's thriving real estate market. Contact the listing agent/owner today for further details.

Essential Information
MLS® #7362097
Price$449,900
Bathrooms0.00
Acres0.21
Year Built1940
TypeResidential Income
Sub-TypeQuadruplex
StatusActive Under Contract
Community Information
Address1685 Richmond Avenue Se
SubdivisionLakewood Heights
CityAtlanta
CountyFulton - GA
StateGA
Zip Code30315
Amenities
Parking Spaces5
ParkingNone
ViewCity
WaterfrontNone
Utilities

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Interior
HeatingElectric, Heat Pump
CoolingCentral Air, Electric
StoriesTwo
Exterior
Lot DescriptionPrivate
RoofShingle
ConstructionFrame, HardiPlank Type
Windows

Double Pane Windows, Wood Frames

School Information
ElementaryThomas Heathe Slater
MiddleJudson Price
HighG.W. Carver
Listing Details
Listed By:Worth Clark Inc.
Property History
Status Changed from Active to Active Under Contract

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Listing information last updated on May 3rd, 2024 at 9:15am EDT.

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