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311 University AVE SW Atlanta, GA 30310
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Key Details
Sold Price $339,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Tuskegee Heights
MLS Listing ID 7617013
Year Built 1948
Annual Tax Amount $4,785
Tax Year 2024
Lot Size 4,138 Sqft
Property Sub-Type Duplex
Property Description
Calling all INVESTORS! Strategically located in close proximity to Atlanta Beltline, Pittsburg Yards, major highways and public transportation, this up/down duplex on University Avenue offers a practical yet spacious layout with three bedrooms and two bathrooms on
the upper unit and a one bedroom and one bathroom on the bottom unit. Both units were renovated a few years ago and have good standing, current tenants in place. The bottom-level unit tenant has signed a renewal for a one-year lease starting March 1st, 2025. The duplex nature of the home also opens the door to incredible investment opportunities where one (or both) of the units could be used to
generate income from tenants, and one can be owner-occupied in the near future. The seller rents the upstairs unit for $1850 a month and the bottom unit for $1,050 a month, a total of $2900 a month. Both tenants have renewed their leases with rent increases for one year
each, lease expires on March 1st, 2026. Considerate & kind tenants who are extremely stable with on-time rental payment history. This fantastic & hassle-free investment opportunity in the heart of Atlanta offers profitable returns and a high cap rate for a savvy investor's
portfolio.
Location
State GA
County Fulton
Area Tuskegee Heights
Interior
Heating Central
Cooling Central Air
Flooring Tile, Luxury Vinyl
Exterior
Parking Features Driveway, See Remarks
Fence None
Community Features Near Beltline, Near Public Transport, Near Shopping, Sidewalks, Street Lights, Other
Utilities Available Phone Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Trees/Woods
Roof Type Composition
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick 4 Sides
Schools
Elementary Schools Charles L. Gideons
Middle Schools Sylvan Hills
High Schools G.W. Carver
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Bought with Berkshire Hathaway HomeServices Georgia Properties
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