[ Pending Sale ]

507 Greenwood Avenue NE

, Atlanta - Midtown
[
Price:
$1,375,000
Type:
Single Family
Year Built:
1925
Approx. Sq. Ft.:
4,325
Sq. Ft. Source: Owner
Bedrooms:
9
Bathrooms:
6
Half-Baths:
n/a
Lot Size:
0.186 Acres
  • Property Details
  • Location
  • Discuss With Your Agent
  • Description

    MIDTOWN 5 UNIT MULTI-FAMILY BUILDING zoned R5. See RINC FMLS 7020448. Three Blocks to Beltline and Piedmont Park. Nestled at the corner of Greenwood and Monroe, 2 Blocks south of Midtown Promenade. Features Three 2/1 Units, One 2/2 Unit, and One 1/1. All of these units are seriously HUGE. Newer systems, Updated kitchens, Newer windows, Roof, and More. The fully functional bathrooms have not been renovated but have a kitschy mid-century feel. Each unit has its own style and a ton of character! Great rental history is currently ready for rental rate increases. All of the tenants are long-term and are holdovers on month-to-month leases at below market. The current gross rental income of $83,820 Annually. Having no rental increases for several years rents can easily be much much more as-is with no improvements. (Market Analysis of neighboring comparable rents suggests that gross income could be just over 100k with an NOI of 97K). Building constructed in 1925 and converted to rental units around 2000. This massive building has been owner-managed since 2006, meticulously maintained, and steadily improved. The owner is selling due to retiring/relocation. Call Bill for full details! (Please do not disturb tenants)
    FMLS#: 7020500
    Neighborhood: Midtown

    School Information
    • Elementary School: Springdale Park
    • Middle School: David T Howard
    • High School: Midtown

    Home Style
    • Craftsman
    • Victorian

    Exterior Features
    Style:Craftsman, Victorian
    Construction:Cement Siding, Frame
    Built In:1925
    Stories:Three Or More
    Sewer:Public Sewer
    Parking:Detached, On Street, Parking Lot
    Features:Courtyard, Private Front Entry, Private Rear Entry, Private Yard, Other, Composition, Metal, Shingle
    Services:Near Beltline, Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park, Public Transportation, Other
    Utilities:Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
    Lot Description:Corner Lot
    Acres:0.186

    Interior Features
    Bedrooms:9
    Bathrooms:6
    Bedroom Description:Other
    Rooms:Other
    Features:Carpet, Ceramic Tile, Hardwood, Stone, Disappearing Attic Stairs, High Ceilings 9 Ft Main, High Ceilings 9 Ft Upper, Other, Double Panes, Insulated Windows, Ceiling Fan(s), Central Air, Central, Forced Air, Heat Pump, Separate Meters, Basement, Partial, In Basement
    Kitchen:Other
    Appliances:Other
    HVAC:Ceiling Fan(s), Central Air
    Fireplace Description:None

    Last updated: 7/5/2022 4:32:48 AM from FMLS
    Listing Provided as a Courtesy of PALMERHOUSE PROPERTIES.
       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.
  • Explore the area using the map below:
  • Register for a free account with Dorsey Alston and start talking to an agent today.


    Login or register to create an account. During the registration process you can find & select your agent.

    Don't have a Buying Agent? Let Dorsey Alston help match you with the perfect agent. Please use our contact form to request an agent.
    Become a Member
    First Name *
    Last Name *
    Phone
    Email Address *
    Password *
    Confirm Password *
    Register