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221 15th ST NW Atlanta, GA 30318
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Key Details
Sold Price $999,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Home Park
MLS Listing ID 7379534
Sold Date 08/30/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1935
Annual Tax Amount $14,308
Tax Year 2023
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
This sought after gem is a rare find! Surrounded by lush mature landscape this income generating triplex located in the Historic Home Park district of Atlanta!
Surrounded by mature oak, walnut and mulberry trees, this property is positioned on an oversized corner lot at the intersection of Barnes and 15th Street. Triplex offers unparalleled convenience with easy access to I-85/75 and walking distance to Atlantic Station, shops, restaurants, entertainment and city transportation. GATECH, SCAD, GSU, Microsoft, Wells Fargo, Google, OTE Arena and mixed use new build AMLI - all just minutes away!
This property offers a steady stream of income with two units (B and C) currently rented to students and one unit is family occupied. With a total of 7 bedrooms combined, where each can be leased individually to maximize your rental potential. The main unit - A is currently occupied by family members at a below-market rent, presents an ideal opportunity for owner occupancy. Additionally, this unit is licensed with the city of Atlanta as a short-term rental and offers flexibility for both short-term and long-term leasing strategies, catering to various tenant needs and maximizing rental income potential while providing a unique blend of investment and personal residence. Be ready to host 2026 FIFA World Cup at this unbeatable location!
Unit A is fully furnished and decorated with 3 Bedrooms and a full bath + vanity. Fully stocked kitchen, stainless steel appliances, washer/dryer in unit. Units B and C each feature 2 Bedroom, full bath, kitchen equipped with all appliances and stacked washer/dryer. Living room areas are furnished with sofa's and TV's. This unique for the location property also includes an oversized fenced-in backyard, perfect for pet owners, shaded patio with seating area provides cozy outdoor enjoyment. The fenced-in front yard with new landscaping provides for additional space to relax and unwind, while enhancing street appeal.
With plenty of recent upgrades, that include new landscape, gutters, windows, AC unit, water heater, newer flooring, a recent roof replacement, and fresh paint this triplex offers modern comforts and low maintenance for the savvy buyer.
Whether you're an experienced investor or a first-time buyer looking to generate passive income, this triplex presents a rare opportunity to secure a lucrative investment in one of Atlanta's most desirable neighborhoods. Don't miss your chance to own this income-generating triplex in the heart of Midtown. Schedule a showing today and take the first step towards building your real estate portfolio!
Location
State GA
County Fulton
Lake Name None
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air, Separate Meters
Flooring Carpet, Ceramic Tile, Hardwood, Laminate
Window Features Double Pane Windows,Insulated Windows,Window Treatments
Exterior
Parking Features See Remarks
Fence Back Yard, Front Yard
Community Features Near Public Transport, Near Schools, Near Shopping, Public Transportation, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Corner Lot, Level, Rectangular Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Cement Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Centennial Place
Middle Schools David T Howard
High Schools Midtown
Others
Senior Community no
Tax ID 17 010800070156
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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Bought with Century 21 Results