663 Magnolia Street NW

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Address: 663 Magnolia St NW, Atlanta, GA 30314, USA

Atlanta & Southeast + Apartment Buildings

Created date: December 5, 2024

Date last updated: January 12, 2025

Property Description

Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!

Under Contract

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Broker Details

Hillary Dukes

Berkshire Hathaway HomeServices Georgia Properties (404) 537-5200 MLS ID: 370792

Key Property Information

Listing Status:	Under Contract
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$295,000
Year Built:	1998
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 663 Magnolia Street NW, Atlanta, GA 30314, USA

Provided by:

Standard Status: Active Under Contract

MLS Listing Number: 7493893
ID: 3yd-PRUGA-7493893

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