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397 Lincoln Street SW

Atlanta, GA 30315
  • $195,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 7098769
Under Contract
UPDATED: 36 min ago
$195,000
  • 3
    BEDS
  • 0.2
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,028
    SQFT
  • $190
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1958
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Great investment opportunity. Remodeled and updated in 2018 and has been an income powerhouse. Currently leased with a long term Tennant at $1,300 a month with roughly five months remaining on lease with interest in renewing. Roughly 750 sqft basement with separate exterior entrance, wired and plumbed. Was once an apartment. Owner was planning to finish it out and turn it into another unit. Owner was also in the process of building an ADU in the large back yard for a third unit. Potential monthly revenue estimated to be around $2800 - 3200 with the added units. Tankless water heater installed in 2022 with enough capacity to supply main home, basement apartment, and ADU. Amazing buy and great investment. No wholesalers and not up for assignment. Please do not disturb tenants. ** Seller is a licensed real estate agent

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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 2022-09-24T16:06:15.93. For issues regarding this website, please contact BoomTown.
www.realestatenorthgeorgia.com/homes/132222024
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397 Lincoln Street SW Atlanta, GA 30315

  • Price: $195,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 36 min ago
  • MLS #: 7098769
3
Beds
1
Baths
0
½ Baths
0.2
Acres
1,028
SQFT
$190
$/SQFT
1958
Built
Neighborhood:
Joyland
County:
Fulton
Area:
Fulton
Elementary School:
S.L. Lewis
Middle School:
Parks
High School:
G.W. Carver
Property Description
Great investment opportunity. Remodeled and updated in 2018 and has been an income powerhouse. Currently leased with a long term Tennant at $1,300 a month with roughly five months remaining on lease with interest in renewing. Roughly 750 sqft basement with separate exterior entrance, wired and plumbed. Was once an apartment. Owner was planning to finish it out and turn it into another unit. Owner was also in the process of building an ADU in the large back yard for a third unit. Potential monthly revenue estimated to be around $2800 - 3200 with the added units. Tankless water heater installed in 2022 with enough capacity to supply main home, basement apartment, and ADU. Amazing buy and great investment. No wholesalers and not up for assignment. Please do not disturb tenants. ** Seller is a licensed real estate agent
Exterior Features

Architectural Style Bungalow Construction Materials Aluminum SidingConcrete Covered Spaces 0 Dock None Exterior Features Awning(S)Private Rear EntryRear StairsStorage Fencing None Foundation Block Horse Amenities None Land Lot 89 Lot Features Back Yard Number Of Parking Spaces 2 Open Parking YN Yes Other Structures None Parking Features CoveredDriveway Patio And Porch Features CoveredDeckPatioRear Porch Pool Features None Road Surface Asphalt Road Type City Street Roof Type Composition Stories One View City Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherDisposalDryerGas CooktopGas OvenGas RangeGas Water HeaterMicrowaveRefrigeratorSelf Cleaning OvenTankless Water HeaterWasher Basement Exterior EntryFullUnfinished Bedroom Features None Cooling Central Air Dining Room Features None Fireplace Features None Flooring CarpetHardwood Heating Central Interior Features High Speed Internet Kitchen Features Breakfast BarCabinets StainEat-In KitchenPantrySolid Surface CountersStone CountersView To Family Room Laundry Features Laundry Room Main Bedrooms 3 Main Full Baths 1 Master Bathroom Features None Number Of Fireplaces 0

Property Features

Accessibility Features None Association YN No Common Walls No Common Walls Community Features None Electric 220 Volts Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No Lake Name None Land Lease YN No Lot Size Dimensions X Master Association Fee 0 Occupant Type Tenant Other Equipment None Owner Financing No Property Attached YN No Property Condition Updated/Remodeled Security Features Carbon Monoxide Detector(S)Fire AlarmSmoke Detector(S) Sewer Public Sewer Spa Features None Special Circumstances Agent Related To SellerOwner/Agent Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2021 Taxes 2102 Type Single Family Residence Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available Water Source Public

Listing provided courtesy of Exp Realty, Llc.: [IDXCONTACTINFORMATION].


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 2022-09-24T16:06:15.93. For issues regarding this website, please contact BoomTown.
 
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695 Mansell Rd. #120
Roswell GA, 30076