GA > Atlanta > Tuskegee Heights
Atlanta, GA 30310,311 University AVE SW
Atlanta, GA 30310,311 University AVE SW
Atlanta, GA 30310,311 University AVE SW
Atlanta, GA 30310,311 University AVE SW
Atlanta, GA 30310,311 University AVE SW
Atlanta, GA 30310,311 University AVE SW
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Robert Fountain

Robert Fountain

+1(678) 773-3512
$ 365,000
Est. payment | /mo

4,138 Sqft Lot

Save
$ 365,000
Est. payment | /mo
Save

4,138 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Tuskegee Heights

MLS Listing ID 7498214

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1948

Annual Tax Amount $4,839

Tax Year 2023

Lot Size 4,138 Sqft

Acres 0.095

Property Sub-Type Duplex

Property Description

Calling all INVESTORS! Strategically located in close proximity to Atlanta Beltline, Pittsburg Yards, major highways and public transportation, this up/down duplex on University Avenue offers a practical yet spacious layout with three bedrooms and two bathrooms on the upper unit and a one bedroom and one bathroom on the bottom unit. Both units were renovated a few years ago and have goodstanding, current tenants in place. The bottom-level unit tenant has signed a renewal for a one-year lease starting March 1st, 2025. The duplex nature of the home also opens the door to incredible investment opportunities where one (or both) of the units could be used to generate income from tenants, and one can be owner-occupied in the near future. The seller rents the upstairs unit for $1850 a month and the bottom unit for $1,050 a month, a total of $2900 a month. Both tenants have renewed their leases with rent increases for one year each, lease expires on March 1st, 2026. Considerate & kind tenants who are extremely stable with on-time rental payment history. This fantastic & hassle-free investment opportunity in the heart of Atlanta offers profitable returns and a high cap rate for a savvy investor's portfolio.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Forced Air

Cooling Central Air

Window Features None

Exterior

Parking Features None

Fence None

Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights, Other

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Trees/Woods, Other

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 6

Private Pool false

Building

Lot Description Level

Story One and One Half

Sewer Public Sewer

Water Public

Level or Stories One and One Half

Structure Type Other

New Construction No

Construction Status Resale

Schools

Elementary Schools Charles L. Gideons

Middle Schools Sylvan Hills

High Schools G.W. Carver

Others

Senior Community no

Tax ID 14 007400081168

Special Listing Condition None

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Atlanta Partners
agent
Robert Fountain

Broker Associate | License ID: 275789

+1(678) 773-3512 | tothetoprob@gmail.com

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311 University AVE SW