2065 Morehouse DR NW Atlanta, GA 30314
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 7689637
Construction Status Resale
HOA Y/N No
Year Built 1938
Annual Tax Amount $3,894
Tax Year 2024
Lot Size 8,999 Sqft
Acres 0.2066
Property Sub-Type Duplex
Source First Multiple Listing Service
Property Description
Guaranteed section 8 incomes Duplex Offered Below Market Value.
Duplex is currently in pre-foreclosure , shortsale approved by bank, creating an excellent opportunity for investors to acquire a strong cash-flowing property below market value. Recent certified DSCR appraisal came in at $348,000, providing approximately $68,000 in built-in equity at the short sale price.
Property generates $2,700/month in guaranteed government-backed rental income. Both units were renovated last year and are occupied with long-term, stable tenants.
Unit A: $1,350/month – Long-term Section 8 tenant (Atlanta Housing Authority)
Unit B: $1,350/month – Long-term Georgia State government tenant
Ideal for investors seeking strong, consistent income with future potential for a cash-out refinance. Cash buyers only !!!
Must close within 2 weeks or deal will be gone !!
Location
State GA
County Fulton
Area Dixie Hills
Lake Name None
Interior
Heating Central, Separate Meters
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Vinyl
Window Features None
Exterior
Parking Features None
Fence None
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Asbestos Shingle,Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding,Wood Siding
Construction Status Resale
Schools
Elementary Schools Woodson Park Academy
Middle Schools Fulton - Other
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 017400070038
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://idx.paradym.com/idx/2065-Morehouse-Drive-NW-Atlanta-GA-30314/4950521/prt/37
Special Circumstances Investor Owned,Sold As/Is
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