758 Saint Charles AVE NE Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30306
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Virginia Highland
MLS Listing ID 10542152
HOA Y/N No
Year Built 1953
Annual Tax Amount $9,215
Tax Year 2024
Lot Size 9,496 Sqft
Acres 0.218
Lot Dimensions 9496.08
Property Sub-Type Multi Family
Source Georgia MLS 2
Property Description
Well maintained investment property in Virginia Highland! Prime location near Beltline and Ponce City Market. 1 story, 4-sided brick building with six, 1 BR/1BA, 440 SF units. 4 units are currently rented and 2 units have new tenants moving in at higher rent prices. Updated gross monthly income starting 8/1 is $7140/month ($85,680/yr). Projected gross monthly income when 3 current lease terms have been renewed at current market rate is $7465 ($89,580/yr) Reliable tenants, no late payers. Every unit has its own washer/dryer and is heated and cooled by an electric, hotel style wall unit. Each apartment is metered separately for gas and power and accounts are in tenants' names and paid by tenants. One water meter for the building and tenants pay a flat monthly water fee on top of rent (included in gross income calculation and future projections). Seller recently replaced water line and sewer main and repaired concrete walkways. Showings of occupied units will only be scheduled during due diligence after an offer is accepted. There is one vacant unit that can be shown by appointment before 7/25 and another unit that can be shown before 8/1. Please do not disturb tenants.
Location
State GA
County Fulton
Rooms
Basement None
Interior
Heating Electric
Cooling Electric,Other
Fireplace No
Laundry In Unit
Exterior
Parking Features None
Garage Spaces 1.0
Community Features Sidewalks,Near Public Transport,Near Shopping
Utilities Available Electricity Individual Meters,Gas Individual Meters,Sewer Connected
View Y/N No
Total Parking Spaces 1
Garage No
Private Pool No
Building
Faces Ponce de Leon to Ponce Place, Right on St Charles, building is on the left.
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Springdale Park
Middle Schools David T Howard
High Schools Midtown
Others
HOA Fee Include None
Tax ID 14 001700080251
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Resale