689 Myrtle Street, Atlanta, GA 30308
- $1,225,000
- Sold Price
- $1,225,000
- List Price
- $1,345,000
- Closing Date
- Apr 19, 2023
- MLS#
- 7189826
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Quadruplex
- Lot Size
- 0.1481
- Subdivision
- Moon Roberts & Black
Property Description
4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta. Rent roll = $96,924 annually Water = $2,400 HOI = $4,812 Property tax = $16,933.17 Repairs = $13,450 Net operating income = $59,328.83 Cap rate 4.4% In-unit washers and dryers in all. Dishwashers in all but the studio. Separately metered gas and electricity for all units. Unit A and C3 are all electric. Separate basement utility room. Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950. Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995. Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737. Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395. HVAC split systems from 2012-2019. 4 water heaters, 3 from 2020 and 1 from 2012. 6 parking spots: 5 in the back and 1 in the front Common foyer for bikes Party fence owned by 693 Myrtle St Chain link fence owned by Mary Mac's Hardy board siding less than 10 years old Roof and gutters less than 10 years old Recently replaced decking The property is a legally nonconforming quad, despite R-5 zoning.
Additional Information
- Stories
- Three Or More
- Construction
- Wood Siding
- Year Built
- 1920
- Neighborhood Amenities
- None
- Roof
- Shingle
- Lot Dimensions
- x
- Parking
- Driveway, Parking Lot
- Lot Desc
- Sloped
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Morningside-
- Middle School
- Autrey Mill
- High School
- Midtown
- Acres
- 0.15
- Dock
- None
- Levels
- Three Or More
- Taxes
- $16,933
Listing courtesy of All County Cumberland Property Management. Selling Office: Berkshire Hathaway HomeServices Georgia Properties.
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