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294 Penelope Drive NW

Atlanta, GA 30314
  • $3,000,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 7090963
UPDATED: 43 min ago
$3,000,000
  • 0
    BEDS
  • 1.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Information

Description

Solid 20-unit multifamily investment opportunity close to transportation and shopping. One block from West Lake Marta station, two blocks to I-20. All apartments are 2 bed 1 bath and there is ALWAYS an abundance of ready, willing, and able tenants. Current owners have replaced more than half of the HVAC systems and twelve of the homes have been updated in last 3 years. 4 sides brick is easy to maintain. Plenty of off-street parking. This gem is 6 min to the Westside Reservoir Park, 9 min to Mercedes-Benz Stadium, 6 min to Lee+White/Westside Beltline, 13 min to Hartsfield-Jackson Atlanta Aiport (or just 11 train stops). The possibilities are endless with this one - buy and hold in it's current state while the surrounding neighborhood continues to appreciate, do some light renovations to command higher rents, or complete an entire overhaul and really max out on your cashflows!

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-08-12T19:04:49.443. For issues regarding this website, please contact BoomTown.
www.cindysrealtygroup.com/homes/131383388
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294 Penelope Drive NW Atlanta, GA 30314

  • Price: $3,000,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 43 min ago
  • MLS #: 7090963
0
Beds
0
Baths
0
½ Baths
1.13
Acres
1969
Built
Neighborhood:
Penelope Neighbors
County:
Fulton
Area:
Fulton
Elementary School:
Woodson Park Academy
Middle School:
John Lewis Invictus Academy/Harper-Archer
High School:
Frederick Douglass
Property Description
Solid 20-unit multifamily investment opportunity close to transportation and shopping. One block from West Lake Marta station, two blocks to I-20. All apartments are 2 bed 1 bath and there is ALWAYS an abundance of ready, willing, and able tenants. Current owners have replaced more than half of the HVAC systems and twelve of the homes have been updated in last 3 years. 4 sides brick is easy to maintain. Plenty of off-street parking. This gem is 6 min to the Westside Reservoir Park, 9 min to Mercedes-Benz Stadium, 6 min to Lee+White/Westside Beltline, 13 min to Hartsfield-Jackson Atlanta Aiport (or just 11 train stops). The possibilities are endless with this one - buy and hold in it's current state while the surrounding neighborhood continues to appreciate, do some light renovations to command higher rents, or complete an entire overhaul and really max out on your cashflows!
Exterior Features

Construction Materials Brick 4 Sides Dock None Fencing Chain Link Land Lot 0 Lot Features Corner Lot Number Of Parking Spaces 9 Parking Features Parking LotPaved Roof Type Shingle Stories Two View CityTrees/Woods Waterfront Features None Window Features None

Interior Features

Cooling Central Air Flooring CarpetVinyl Furnished Unfurnished Heating Central

Property Features

Accessibility Features None Community Features None Green Energy Efficient None Green Energy Generation None Lake Name None Lot Size Dimensions X Number Of Units Total 20 Occupant Type Vacant Owner Financing No Property Attached YN No Property Condition Resale Proposed Financing CashConventionalOther Security Features None Sewer Public Sewer Special Circumstances None Special Listing Conditions None Tax Year 2021 Taxes 16586 Type Other Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Waterfront Footage 0

Listing provided courtesy of Engel & Volkers Atlanta.


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-08-12T19:04:49.443. For issues regarding this website, please contact BoomTown.
 
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Cindy's Realty Group | EXP Realty
1230 Peachtree St NE, Suite 1900
Atlanta GA, 30309